Portuguese economic activity expanded 1.9 percent year-on-year in October 2018, the same pace as in the previous month. Leading Economic Index in Portugal averaged 1.90 percent from 1978 until 2018, reaching an all time high of 6.60 percent in February of 1980 and a record low of -4 percent in May of 2012.
Leading Economic Index in Portugal is expected to be 1.80 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 1.90 in 12 months time. In the long-term, the Portugal Economic Activity YoY is projected to trend around 2.40 percent in 2020, according to our econometric models.