The consumer confidence indicator in Portugal increased to -28.3 in July 2020 from an all-time low of -33.1 in the previous month, still remaining at the lowest levels since records began in 1997. Consumers felt less pessimistic about the future climate as the economy recovers from the pandemic hit. There were increases in the sub-indexes measuring households' financial situation over the next 12 months (-11.9 vs -19.3 in June), the economic situation in the country over the next 12 months (-47.3 vs -55.8) and major purchases over the next 12 months (-38.2 vs -43.7). At the same time, the gauge for households' financial situation over the past 12 months deteriorated to -15.9 in July, compared to -13.7 in June.
Consumer Confidence in Portugal averaged -17.62 points from 1997 until 2020, reaching an all time high of -0.80 points in November of 1997 and a record low of -46.80 points in December of 2012. This page provides - Portugal Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.
Consumer Confidence in Portugal is expected to be -14.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Portugal to stand at -10.00 in 12 months time. In the long-term, the Portugal Consumer Confidence is projected to trend around -12.00 points in 2021 and -10.00 points in 2022, according to our econometric models.