The 3-month moving average of the economic climate indicator in Portugal stood at 1.8 in August of 2021, unchanged from the prior month. It remained the highest reading since March of 2020, as the nation became one of the world’s leading countries regarding vaccination coverage. Improvements were observed in most sectors, mainly services (6.9 from 2.6 in July), wholesale & retail trade (3.5 from 2.0), the construction sector (-7.8 from -8.3). On the other hand, sentiment deteriorated in manufacturing industries (-1.5 from 0.4). source: Statistics Portugal
Business Confidence in Portugal averaged 1.62 points from 1989 until 2021, reaching an all time high of 5.10 points in March of 1989 and a record low of -4.70 points in June of 2020. This page provides the latest reported value for - Portugal Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Portugal Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Business Confidence in Portugal is expected to be 1.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Business Confidence is projected to trend around 1.90 points in 2022 and 2.30 points in 2023, according to our econometric models.