Portugal's business confidence indicator rose to 2.9 in August 2026 from 2.8 previously, reaching the highest since February. Sentiment remained elevated among service providers (8.4 vs 8.4 in July) and improved further for constructors (4.9% vs 4.6). On the other hand, confidence weakened among manufacturers (-4.4 vs -4.3) and traders (3 vs 3.7), of which retailers (6.1 vs 6.4) and wholesalers (-0.1 vs 0.9). source: Statistics Portugal

Business Confidence in Portugal increased to 2.90 points in August from 2.80 points in July of 2026. Business Confidence in Portugal averaged 1.73 points from 1989 until 2026, reaching an all time high of 5.80 points in April of 1998 and a record low of -6.40 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 2026.

Business Confidence in Portugal increased to 2.90 points in August from 2.80 points in July of 2026. Business Confidence in Portugal is expected to be 2.80 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 2.60 points in 2027 and 2.50 points in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-30 08:30 AM
Business Confidence
Jul 2.8 2.8 2.7
2026-08-28 08:30 AM
Business Confidence
Aug 2.9 2.8 2.8
2026-09-29 08:30 AM
Business Confidence
Sep 2.9 2.8


Related Last Previous Unit Reference
Business Confidence 2.90 2.80 points Aug 2026
Capacity Utilization 82.20 83.00 percent Sep 2026
Changes in Inventories 294.76 -404.40 EUR Million Mar 2026
Industrial Production YoY -0.70 -1.60 percent Jun 2026
Industrial Production MoM -3.80 1.00 percent Jun 2026
Manufacturing Production -1.70 -0.40 percent Jun 2026
Mining Production 35.20 35.10 percent Jun 2026


Portugal Business Confidence
In Portugal, the National Statistics Institute (INE) economic climate indicator on three terms moving averages is calculated in order to receive a timely composite indicator for the several sectors of economic activity. It is estimated using balances of questions from the Manufacturing Industry (1179 companies), Trade (1102 companies), Construction and Public Works (822 companies) and Services (1427 companies) surveys. The calculation is based on the factor analysis and the estimated series (the common component) is calibrated using the GDP change rates. 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
2.90 2.80 5.80 -6.40 1989 - 2026 points Monthly

News Stream
Portugal Business Climate Hits 6-Month High
Portugal's business confidence indicator rose to 2.9 in August 2026 from 2.8 previously, reaching the highest since February. Sentiment remained elevated among service providers (8.4 vs 8.4 in July) and improved further for constructors (4.9% vs 4.6). On the other hand, confidence weakened among manufacturers (-4.4 vs -4.3) and traders (3 vs 3.7), of which retailers (6.1 vs 6.4) and wholesalers (-0.1 vs 0.9).
2026-08-28
Portugal Business Climate Steady in July
Portugal's business confidence indicator stood at 2.8 in July 2026, unchanged from the previous month, when it reached its highest level since March. Confidence improved in construction and public works (4.6 vs 4.3), supported by stronger employment prospects and more favorable assessments of order books. Manufacturing sentiment also edged up, though remaining in negative territory (-4.3 vs -4.4). In contrast, trade confidence weakened to 3.7 from 4.2, reflecting less favorable assessments of sales volumes and activity expectations for the next three months. Meanwhile, confidence in the services sector eased slightly to 8.4 from 8.5, as weaker views on order books and demand prospects more than offset other factors.
2026-07-30
Portugal Business Climate Rises to 4-Month High in June
Business confidence in Portugal edged up to 2.8 in June 2026, the highest in four months, after being steady at 2.7 previously. Optimism increased among service providers (8.5 vs 8.3 in May), constructors (4.3 vs 3.8) and traders (4.2 vs 3.3), particularly retailers (6 vs 4.7). On the other hand, sentiment deteriorated further for manufacturers (-4.4 vs -3.5).
2026-06-29