The economic climate indicator in Portugal increased to -2.9 in July 2020 from an all-time low of -4.3 in the previous month, as the economy recovers from the coronavirus shock. Still, the reading was among the weakest on record. Sentiment improved among service providers (-46.9 vs -52.9 in June), traders (-20.7 vs -26.3), constructors (-23.2 vs -29.1) and manufacturers (-25.6 vs -31.7).
Business Confidence in Portugal averaged 1.68 points from 1989 until 2020, reaching an all time high of 5.10 points in March of 1989 and a record low of -4.30 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 August of 2020.
Business Confidence in Portugal is expected to be -2.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Portugal to stand at -0.50 in 12 months time. In the long-term, the Portugal Business Confidence is projected to trend around 0.10 points in 2021 and 0.80 points in 2022, according to our econometric models.