Economic activity in Portugal shrank 6.7 percent year-on-year in October of 2020, after a downwardly revised 7.4 percent decline in the prior month, according to data published by Banco de Portugal. It was the thirteenth consecutive contraction in economic activity. source: Banco de Portugal

Leading Economic Index in Portugal averaged 1.75 percent from 1978 until 2020, reaching an all time high of 6.60 percent in February of 1980 and a record low of -8.10 percent in July of 2020. This page provides - Portugal Economic Activity YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Economic Activity YoY - values, historical data and charts - was last updated on November of 2020.

Leading Economic Index in Portugal is expected to be -3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Portugal to stand at 7.20 in 12 months time. In the long-term, the Portugal Economic Activity YoY is projected to trend around 5.10 percent in 2021 and 2.70 percent in 2022, according to our econometric models.

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Portugal Economic Activity YoY

Actual Previous Highest Lowest Dates Unit Frequency
-6.70 -7.40 6.60 -8.10 1978 - 2020 percent Monthly
NSA

Portugal Business Last Previous Highest Lowest Unit
Business Confidence 0.00 -0.50 5.10 -4.30 points [+]
Industrial Production 2.90 4.20 10.10 -28.90 percent [+]
Industrial Production Mom -3.80 10.40 13.40 -20.90 percent [+]
Manufacturing Production 0.60 3.60 8.50 -32.40 percent [+]
Capacity Utilization 79.14 73.19 85.37 68.47 percent [+]
Changes in Inventories 73.81 -143.03 559.04 -745.04 EUR Million [+]
Car Registrations 13679.00 13186.00 32914.00 2749.00 [+]
Leading Economic Index -6.70 -7.40 6.60 -8.10 percent [+]
Internet Speed 12894.80 12576.03 13144.68 2346.55 KBps [+]
IP Addresses 3662187.00 3687295.00 3757415.00 1150694.00 IP [+]
Mining Production -12.90 -8.60 80.80 -49.10 percent [+]
Competitiveness Index 70.45 70.20 70.45 4.37 Points [+]
Competitiveness Rank 34.00 34.00 51.00 33.00 [+]
Car Production 12077.00 14230.00 186996.00 806.00 Units [+]
Corruption Index 62.00 64.00 69.70 55.60 Points [+]
Corruption Rank 30.00 30.00 35.00 19.00 [+]
Ease of Doing Business 39.00 34.00 48.00 23.00 [+]
Electricity Production 5709.00 5140.00 5942.00 2106.00 Gigawatt-hour [+]


Portugal Economic Activity YoY
In Portugal, economic activity year-on-year refers to the annual change of the coincident indicator for the Portuguese economy activity that includes eight major indicators: real GDP; retail sales volume (retail trade survey); sales of heavy commercial vehicles; cement sales; manufacturing production index; households’ financial situation (consumer survey); new job vacancies; and an external environment proxy.