Portuguese private consumption increased by 1.2 percent year-on-year in December 2018, easing from a 1.4 percent growth in the previous month. Personal Spending in Portugal averaged 1.84 percent from 1978 until 2018, reaching an all time high of 6.30 percent in May of 1988 and a record low of -6.40 percent in January of 2012.
Personal Spending in Portugal is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Spending in Portugal to stand at 2.00 in 12 months time. In the long-term, the Portugal Private Consumption YoY is projected to trend around 2.30 percent in 2020, according to our econometric models.