The consumer confidence indicator in Portugal improved slightly to -37 in January of 2023 from an over nine-year low of -38.1 in the prior month. Concerns eased somewhat about the country's economic situation over the next 12 months (-54 vs -57.3 in December), as well as the households' financial situation over the next 12 months (-24.9 vs -26.3). At the same time, savings propensity went up (-40.3 vs -42.3) and inflationary pressures are seen receding (34.1 vs 42.2). However, the unemployment outlook over the next 12 months worsened further (39 vs 38.5) and intentions to do major purchases decreased slightly (-36.2 vs -36). source: Statistics Portugal

Consumer Confidence in Portugal averaged -18.29 points from 1997 until 2023, reaching an all time high of -0.80 points in November of 1997 and a record low of -46.80 points in December 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 February of 2023.

Consumer Confidence in Portugal is expected to be -29.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Portugal Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-01-02 11:00 AM Dec -38.1 -37.7 -37
2023-01-30 09:30 AM Jan -37 -38.1 -37.8
2023-02-27 09:30 AM Feb -37


Related Last Previous Unit Reference
Consumer Confidence -37.00 -38.10 points Jan 2023
Retail Sales MoM -3.10 1.70 percent Dec 2022
Retail Sales YoY -1.80 -0.90 percent Dec 2022
Consumer Spending 33264.50 32919.80 EUR Million Sep 2022
Personal Savings 5.10 6.00 percent Sep 2022
Disposable Personal Income 47879.00 48288.20 EUR Million Sep 2022

Portugal Consumer Confidence
In Portugal, the consumer confidence index on three terms moving averages is based on interviews with consumers about their perceptions of the country's current and future economic situation and their tendencies to purchase. It is estimated using the difference between the share of positive evaluation responses and negative evaluation responses, but do not include the share of neutral responses. The use of moving averages smooths out the series by removing the irregular movements, allowing the detection of the short-term trends.
Actual Previous Highest Lowest Dates Unit Frequency
-37.00 -38.10 -0.80 -46.80 1997 - 2023 points Monthly
NSA

News Stream
Portuguese Consumers Slightly Less Pessimistic in January
The consumer confidence indicator in Portugal improved slightly to -37 in January of 2023 from an over nine-year low of -38.1 in the prior month. Concerns eased somewhat about the country's economic situation over the next 12 months (-54 vs -57.3 in December), as well as the households' financial situation over the next 12 months (-24.9 vs -26.3). At the same time, savings propensity went up (-40.3 vs -42.3) and inflationary pressures are seen receding (34.1 vs 42.2). However, the unemployment outlook over the next 12 months worsened further (39 vs 38.5) and intentions to do major purchases decreased slightly (-36.2 vs -36).
2023-01-30
Portugal Consumer Morale Worsens to Over 9-Year Low
The consumer confidence indicator in Portugal declined to -38.1 in December 2022, down from -37.7 in the previous month. It was the weakest reading since August 2013, as the gauge measuring the country's economic situation over the next 12 months continued to deteriorate (-57.3 vs -57.2 in November), as well as the households' financial situation over the past 12 months (-32.8 vs -32.1) and the major purchases climate (-36.0 vs -34.8). Of the questions not entering the confidence indicator, the unemployment outlook over the next 12 months worsened further (38.5 vs 35.2), while the inflationary pressures are seen easing (44.0 vs 48.1).
2023-01-02
Portugal Consumer Morale Hits 9-Year Low
The consumer confidence indicator in Portugal declined by 2.5 points from a month earlier to -37.7 in November 2022. It is the weakest reading since August 2013, amid deteriorating expectations over the next 12 months regarding the household's financial situation (-26.7 vs -23.6 in October), the country's economy (-57.2 vs -53.3), unemployment levels (35.2 vs 28.6), and inflationary pressures (48.1 vs 47.8). In addition, major purchases climate worsened, with the corresponding indicator declining to -34.8 from -34.2.
2022-11-29