Consumer confidence in Portugal fell to -32.5 in June of 2022, following the increases of the previous two months. The evolution observed in June was due to the negative contributions of all components, in particular, expectations regarding the country's economic situation (-50.2 vs -45.6 in May) and the households’ financial situation (-18.8 vs -16). Also, intentions to make major purchases declined further (-37.6 vs -36.5) as the outlook for prices deteriorated (79.2 vs 76.8). On a more positive note, savings propensity increased for the first time since January (-33.9 vs -36). source: Statistics Portugal

Consumer Confidence in Portugal averaged -17.88 points from 1997 until 2022, 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 July of 2022.

Consumer Confidence in Portugal is expected to be -37.00 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 2023 and -10.00 points in 2024, according to our econometric models.

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Portugal Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 08:30 AM May -30.1 -32.9 -33.4
2022-06-29 08:30 AM Jun -32.5 -30.1 -37
2022-07-29 08:30 AM Jul -32.5


Related Last Previous Unit Reference
Consumer Confidence -32.50 -30.10 points Jun 2022
Retail Sales MoM 1.40 -3.00 percent May 2022
Retail Sales YoY 2.10 4.60 percent May 2022
Consumer Spending 32828.90 32131.30 EUR Million Mar 2022
Personal Savings 11.30 11.70 percent Sep 2021
Disposable Personal Income 46612.70 45010.70 EUR Million Mar 2022

Portugal Consumer Confidence
In Portugal, the consumer confidence index on three terms moving averages is based on interviews with consumers about their perceptions of the country's current and future economic situation and their tendencies to purchase. It is estimated using the difference between the share of positive evaluation responses and negative evaluation responses, but do not include the share of neutral responses. 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
-32.50 -30.10 -0.10 -47.80 1997 - 2022 points Monthly

News Stream
Portugal Consumer Morale Worsens in June
Consumer confidence in Portugal fell to -32.5 in June of 2022, following the increases of the previous two months. The evolution observed in June was due to the negative contributions of all components, in particular, expectations regarding the country's economic situation (-50.2 vs -45.6 in May) and the households’ financial situation (-18.8 vs -16). Also, intentions to make major purchases declined further (-37.6 vs -36.5) as the outlook for prices deteriorated (79.2 vs 76.8). On a more positive note, savings propensity increased for the first time since January (-33.9 vs -36).
2022-06-29
Portugal Consumer Morale Improves for 2nd Month
Consumer confidence in Portugal rose further to -30.1 in May of 2022, from -32.9 in the previous month. It was the highest reading since February, as expectations improved regarding the evolution of the country’s economic situation (-45.6 vs -53.1 in April) and the households’ financial situation (-16 vs -19). However, intentions to make major purchases declined (-36.5 vs -34.8) as did savings propensity (-36 vs -34.5).
2022-05-30
Portugal Consumer Morale Improves in April
Consumer confidence in Portugal rose to -32.9 in April of 2022 from -34.1 in the previous month. However, expectations deteriorated regarding the future evolution of the country’s economic situation (-63.9 vs -53.8 in March) and of households’ financial situation (-24.7 vs -20.0). Meantime, prospects for households’ spending on major purchases worsened (-73.4 vs -71.8). At the same time, savings propensity degenerated (-47.0 vs -42.3 and concerns over inflation rose (74.7 vs 61.8).
2022-04-28