The economic climate indicator in Portugal fell to -1.8 in February of 2021 from -0.9 in the prior month. It is the lowest reading since June of last year, amid the extension of the national coronavirus lockdown. Pessimism increased among services (-27.4 from -17.6 in January), traders (-15.5 from -12.2) and in construction and public infrastructure (-13.6 from -13), while manufacturers were less pessimistic (-13.9 from -15.1). source: Statistics Portugal
Business Confidence in Portugal averaged 1.63 points from 1989 until 2021, reaching an all time high of 5.10 points in March of 1989 and a record low of -5.80 points in April 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 March of 2021.
Business Confidence in Portugal is expected to be -1.20 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 0.10 in 12 months time. In the long-term, the Portugal Business Confidence is projected to trend around 0.80 points in 2022, according to our econometric models.