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.

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Portugal Consumer Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-10-28 08:30 AM Oct -11 -9.9 -10.3
2021-11-29 09:30 AM Nov -19.2 -11 -14
2022-01-04 11:00 AM Dec


Related Last Previous Unit Reference
Consumer Confidence -19.20 -11.00 points Nov/21
Retail Sales MoM 2.30 1.50 percent Oct/21
Retail Sales YoY 3.40 2.70 percent Oct/21
Consumer Spending 31949.80 31343.30 EUR Million Sep/21
Personal Savings 14.20 12.80 percent Mar/21
Disposable Personal Income 43534.30 41849.00 EUR Million Jun/21

News Stream
Portugal Consumer Morale at 8-Month Low
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.
2021-11-29
Portugal Consumer Morale Eases in October
The consumer confidence in Portugal dropped to -11 in October of 2021 from -9.9 in the previous month. Respondents' sentiment deteriorated for the country’s economic situation (-43 vs -39.2 in September) and households’ financial situation (-12.6 vs -9.6) over the last 12 months, while negative sentiment improved for major purchases (-61.8 vs -63.2) over the past year. At the same time, pessimism increased for the country’s economic situation (-3.8 vs -1.3), while confidence declined for households’ financial situation (0.1 vs 0.9) over the coming 12 months. On the price front, inflation was seen increasing significantly for the current year (39.5 vs 26.4) and the for the future 12 months (36 vs 23.6).
2021-10-28
Portugal Consumer Morale at Over 1-1/2-Year High
The consumer confidence in Portugal jumped to -9.9 in September of 2021 compared to -11.9 in the previous month. It was the strongest reading since February of 2020, helped by the easing of restrictions and as the COVID-19 vaccination rate reached one of the highest in the world. Improvements were seen in prospects regarding the future evolution of the country’s economic situation (-1.3 vs -6.9) and households’ financial situation (0.9 vs -1.2). Also, consumers were less pessimistic about unemployment (8.4 vs 19.4). On the other hand, intentions to do major purchases (-29.4 vs -28.6) and save money (-17.7 vs -16.4) in the next 12 months, declined. Also, prices are seen higher (23.6 vs 22.1).
2021-09-29

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.