The consumer confidence indicator in Portugal rose to -7.6 in August 2019, the highest since January, from -8.0 in the previous month. August's improvement resulted from the positive contribution of all the components, namely household financial situation over the past 12 months (-3.1 from -3.3) and prospects regarding the country's economic situation (-3.0 from -3.8); major purchases (-26.2 from -26.6) and household financial situation over the next 12 months (2.1 from 1.9). Consumer Confidence in Portugal averaged -17.73 Index Points from 1997 until 2019, reaching an all time high of -0.80 Index Points in November of 1997 and a record low of -46.80 Index Points in December of 2012.
Consumer Confidence in Portugal is expected to be -10.00 Index 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 -9.00 in 12 months time. In the long-term, the Portugal Consumer Confidence is projected to trend around -6.60 Index Points in 2020, according to our econometric models.