The consumer confidence in Portugal jumped to -11.9 in August of 2021, from a three-month low of -17.0 hit in the previous month. It was the strongest reading since February of 2020, as the government lifted some restrictions and the COVID-19 vaccination campaign reached one of the highest rates in the world. Consumers’ opinions improved markedly regarding the country’s economic situation, namely in the past 12 months (-48.9 from -56.0 in July) and for the year ahead (-6.9 from -21.7); as well as their unemployment expectations (19.4 from 35.3). On the price front, inflation was seen easing in the current year (26.4 from 32.6) and the outlook for future consumer price increases also moderated (22.1 from 27.1). Finally, both the households’ current (-11.0 from -14.3) and future (-1.2 from -3.3) financial situation were better against the levels of July, while expectations towards making important purchases in the future changed little (-28.6 from -28.7). source: Statistics Portugal
Consumer Confidence in Portugal averaged -17.74 points from 1997 until 2021, reaching an all time high of -0.10 points in September of 1997 and a record low of -47.80 points in October of 2012. This page provides - Portugal Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Consumer Confidence in Portugal is expected to be -6.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Consumer Confidence is projected to trend around -7.00 points in 2022 and -10.00 points in 2023, according to our econometric models.