The 3-month moving average of the economic climate indicator in Portugal decreased to 2 in May of 2022 from a downwardly revised 2.2 in the previous month. It was the lowest reading since January. Sentiment weakened among manufacturers (-3 vs -0.9 in April), constructors (-2.9 vs -1.2) and traders (3.7 vs 4.8). Meanwhile, service providers were more optimistic (21.7 vs 19). source: Statistics Portugal

Business Confidence in Portugal averaged 1.63 points from 1989 until 2022, reaching an all time high of 5.10 points in March of 1989 and a record low of -4.70 points in June of 2020. This page provides the latest reported value for - Portugal Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Portugal Business Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Business Confidence in Portugal is expected to be 1.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Business Confidence is projected to trend around 2.30 points in 2023, according to our econometric models.

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Portugal Business Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-04-28 08:30 AM Apr 2.3 2.1 2.3
2022-05-30 08:30 AM May 2 2.2 2.2
2022-06-29 08:30 AM Jun 2 1.6


Related Last Previous Unit Reference
Business Confidence 2.00 2.20 points May 2022
Industrial Production Mom -2.00 4.60 percent Apr 2022
Industrial Production -1.80 0.70 percent Apr 2022
Manufacturing Production -1.50 1.50 percent Apr 2022
Capacity Utilization 82.41 82.60 percent Mar 2022
New Orders 112.60 111.00 points Dec 2013
Changes in Inventories -36.82 -82.68 EUR Million Mar 2022
Mining Production 9.50 7.30 percent Apr 2022

Portugal Business Confidence
In Portugal, the National Statistics Institute (INE) economic climate indicator on three terms moving averages is calculated in order to receive a timely composite indicator for the several sectors of economic activity. It is estimated using balances of questions from the Manufacturing Industry (1179 companies), Trade (1102 companies), Construction and Public Works (822 companies) and Services (1427 companies) surveys. The calculation is based on the factor analysis and the estimated series (the common component) is calibrated using the GDP change rates. The use of moving averages smooths out the series by removing the irregular movements, allowing the detection of the short-term trends.
Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.20 5.10 -4.70 1989 - 2022 points Monthly

News Stream
Portugal Business Morale at 4-Month Low
The 3-month moving average of the economic climate indicator in Portugal decreased to 2 in May of 2022 from a downwardly revised 2.2 in the previous month. It was the lowest reading since January. Sentiment weakened among manufacturers (-3 vs -0.9 in April), constructors (-2.9 vs -1.2) and traders (3.7 vs 4.8). Meanwhile, service providers were more optimistic (21.7 vs 19).
2022-05-30
Portugal Business Morale at 6-Month High
The 3-month moving average of the economic climate indicator in Portugal rose to 2.3 in April of 2022 from 2.1 in the previous month. Sentiment improved for service providers (14.6 vs 8.8 in March) and retailers (4.5 vs 4.3). On the other hand, sentiment deteriorated among constructors (-6.2 vs -4.3) while it remained unchanged for manufacturers (at -1.6 ).
2022-04-28
Portugal Business Morale Unchanged in March
The 3-month moving average of the economic climate indicator in Portugal stood at 2.1 in February of 2022, unchanged from the previous month. Sentiment was also unchanged among traders (3.9), while it deteriorated for constructors (-4.3 vs -3.8) and service providers (8.8 vs 9.1).
2022-03-30