The consumer confidence in Portugal fell to -17 in July of 2021, from -12.6 in the previous month, the lowest reading since April. Consumers were broadly more pessimistic regarding most topics, mainly unemployment (35.3 from 19.9 in June) and the country’s economic outlook (-21.7 from -8.1). On the inflation front, consumers said present prices were markedly higher (32.6 from 19.3) and expect charges to rise significantly in the year ahead (27.1 from 17.2). Additionally, respondents were more pessimistic about their households’ financial situation in the past 12 months (-14.3 from -12.2), the country’s current economic situation (-56.0 from -52.6) and towards making important purchases (-67.5 from -65.8). source: Statistics Portugal
Consumer Confidence in Portugal averaged -17.76 points from 1997 until 2021, reaching an all time high of -0.10 points in September of 1997 and a record low of -47.80 points in October 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 2021.
Consumer Confidence in Portugal is expected to be -6.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Consumer Confidence is projected to trend around -7.00 points in 2022 and -10.00 points in 2023, according to our econometric models.