Economic activity in Portugal shrank 11.5 percent year-on-year in August of 2020, after a downwardly revised 11.2 percent decline in the prior month, according to data published by Banco de Portugal. It was the eleventh consecutive contraction in economic activity and the steepest on record, amid the lingering effects of the Covid-19 pandemic and associated measures to control it.
Leading Economic Index in Portugal averaged 1.75 percent from 1978 until 2020, reaching an all time high of 6.60 percent in February of 1980 and a record low of -11.50 percent in August of 2020. This page provides - Portugal Economic Activity YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Economic Activity YoY - values, historical data and charts - was last updated on September of 2020.
Leading Economic Index in Portugal is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Portugal to stand at 2.40 in 12 months time. In the long-term, the Portugal Economic Activity YoY is projected to trend around 2.50 percent in 2021, according to our econometric models.