The Portuguese economic climate indicator dropped to 2.2 in December of 2018 from 2.3 in the previous month, marking the lowest reading since April. Sentiment deteriorated among service providers (12.2 from 12.3 in November) and traders (3.4 from 3.8), namely wholesalers (4.7 from 5.5) while it rose for retailers (2.2 from 1.8). In contrast, confidence improved for manufacturers (-0.6 from -1.0) and constructors (-8.6 from -10.3). Business Confidence in Portugal averaged 1.63 Index Points from 1989 until 2018, reaching an all time high of 5.30 Index Points in March of 1989 and a record low of -3.90 Index Points in November of 2012.

Business Confidence in Portugal is expected to be 1.90 Index 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 1.50 in 12 months time. In the long-term, the Portugal Business Confidence is projected to trend around 1.50 Index Points in 2020, according to our econometric models.

Portugal Business Confidence
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-27 08:30 AM Business Confidence 2.4 2.5 2.5
2018-10-30 09:30 AM Business Confidence 2.4 2.4 2.4
2018-11-29 09:30 AM Business Confidence 2.3 2.4 2.3
2019-01-03 11:00 AM Business Confidence 2.2 2.3 2.2
2019-01-30 09:30 AM Business confidence 2.2
2019-02-27 09:30 AM Business confidence
2019-03-28 09:30 AM Business confidence 1.9


Portugal Business Last Previous Highest Lowest Unit
Business Confidence 2.20 2.30 5.30 -3.90 Index Points [+]
Industrial Production -2.90 -0.10 10.10 -18.20 percent [+]
Industrial Production Mom -2.40 -0.50 6.40 -6.90 percent [+]
Manufacturing Production -4.90 -1.50 8.50 -22.30 percent [+]
Capacity Utilization 81.16 82.56 85.37 68.47 percent [+]
Changes in Inventories 366.18 146.64 531.75 -477.29 EUR Million [+]
Car Registrations 16157.00 15466.00 32914.00 5442.00 [+]
Leading Economic Index 1.90 1.90 6.60 -4.00 percent [+]
Internet Speed 12894.80 12576.03 13144.68 2346.55 KBps [+]
IP Addresses 3662187.00 3687295.00 3757415.00 1150694.00 IP [+]
Mining Production 20.90 15.70 80.80 -49.10 percent [+]
Competitiveness Index 70.20 69.67 70.20 4.37 Points [+]
Competitiveness Rank 34.00 33.00 51.00 33.00 [+]
Ease of Doing Business 34.00 29.00 48.00 23.00 [+]
Electricity Production 4859.00 4283.00 5942.00 2106.00 Gigawatt-hour [+]
Corruption Index 63.00 62.00 69.70 55.60 Points [+]
Corruption Rank 29.00 29.00 35.00 19.00 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.30 5.30 -3.90 1989 - 2018 Index Points Monthly




Country Last Previous
Australia 3.00 Nov/18
Brazil 63.80 Dec/18
Canada 59.70 Dec/18
China 49.40 Dec/18
Euro Area 0.82 Dec/18
France 104.00 Dec/18
Germany 101.00 Dec/18
India 64.90 Jun/18
Indonesia 108.05 Sep/18
Italy 103.60 Dec/18
Japan 19.00 Dec/18
Mexico 49.20 Dec/18
Netherlands 7.50 Dec/18
Russia -8.00 Dec/18
Saudi Arabia 3.00 Jun/16
Singapore -1.00 Sep/18
South Africa 31.00 Dec/18
South Korea 71.00 Dec/18
Spain -2.70 Dec/18
Switzerland 96.30 Dec/18
Turkey 91.50 Dec/18
United Kingdom -16.00 Dec/18
United States 54.10 Dec/18


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