The consumer confidence in Portugal fell for the second consecutive month to -19.2 in November of 2021, from -11 in the previous month. It was the lowest reading since March, amid concerns over rising Covid-19 infections. This evolution was mostly due to a deterioration in perspectives around the future evolution of the country’s economic situation (-30.9 vs -3.8 in October), and, to a lesser extent, of the expectations regarding households’ future financial situation (-4.9 vs 0.1). Opinions on the evolution of households’ past financial situation (-12.7 vs -12.6), as well as expectations about the evolution of households’ spending on major purchases in the future (-28.1 vs -27.6) also contributed negatively. source: Statistics Portugal
Consumer Confidence in Portugal averaged -17.69 points from 1997 until 2021, 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 December of 2021.
Consumer Confidence in Portugal is expected to be -16.00 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 2022 and -10.00 points in 2023, according to our econometric models.