The consumer confidence in Portugal jumped to -11.9 in August of 2021, from a three-month low of -17.0 hit in the previous month. It was the strongest reading since February of 2020, as the government lifted some restrictions and the COVID-19 vaccination campaign reached one of the highest rates in the world. Consumers’ opinions improved markedly regarding the country’s economic situation, namely in the past 12 months (-48.9 from -56.0 in July) and for the year ahead (-6.9 from -21.7); as well as their unemployment expectations (19.4 from 35.3). On the price front, inflation was seen easing in the current year (26.4 from 32.6) and the outlook for future consumer price increases also moderated (22.1 from 27.1). Finally, both the households’ current (-11.0 from -14.3) and future (-1.2 from -3.3) financial situation were better against the levels of July, while expectations towards making important purchases in the future changed little (-28.6 from -28.7). source: Statistics Portugal

Consumer Confidence in Portugal averaged -17.74 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 September of 2021.

Consumer Confidence in Portugal is expected to be -6.00 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

Actual Previous Highest Lowest Dates Unit Frequency
-11.90 -17.00 -0.10 -47.80 1997 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-05-28 08:30 AM May -16.7 -21 -17
2021-06-29 08:30 AM Jun -12.6 -12.8 -10
2021-07-29 08:30 AM Jul -17 -12.6 -12.4
2021-08-30 08:30 AM Aug -11.9 -17.0 -17.6
2021-09-29 08:30 AM Sep -11.9 -12
2021-10-29 09:30 AM Oct
2021-11-26 09:30 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Portugal Consumer Morale at Pre-Pandemic High
The consumer confidence in Portugal jumped to -11.9 in August of 2021, from a three-month low of -17.0 hit in the previous month. It was the strongest reading since February of 2020, as the government lifted some restrictions and the COVID-19 vaccination campaign reached one of the highest rates in the world. Consumers’ opinions improved markedly regarding the country’s economic situation, namely in the past 12 months (-48.9 from -56.0 in July) and for the year ahead (-6.9 from -21.7); as well as their unemployment expectations (19.4 from 35.3). On the price front, inflation was seen easing in the current year (26.4 from 32.6) and the outlook for future consumer price increases also moderated (22.1 from 27.1). Finally, both the households’ current (-11.0 from -14.3) and future (-1.2 from -3.3) financial situation were better against the levels of July, while expectations towards making important purchases in the future changed little (-28.6 from -28.7).
2021-08-30
Portugal Consumer Confidence at 3-Month Low
The consumer confidence in Portugal fell to -17 in July of 2021, from -12.6 in the previous month, the lowest reading since April. Consumers were broadly more pessimistic regarding most topics, mainly unemployment (35.3 from 19.9 in June) and the country’s economic outlook (-21.7 from -8.1). On the inflation front, consumers said present prices were markedly higher (32.6 from 19.3) and expect charges to rise significantly in the year ahead (27.1 from 17.2). Additionally, respondents were more pessimistic about their households’ financial situation in the past 12 months (-14.3 from -12.2), the country’s current economic situation (-56.0 from -52.6) and towards making important purchases (-67.5 from -65.8).
2021-07-29
Portugal Consumer Morale at 16-Month High
The consumer confidence in Portugal edged up to -12.6 in June of 2021, from -12.8 in the previous month, pointing to the highest reading since February of 2020. Surveyed consumers were slightly more optimistic regarding their households’ financial situation in the past 12 months (-12.2 from -14.1 in May), the outlook for unemployment (19.9 from 21.1) and towards making important purchases in the future (-29.2 from -29.3). On the other hand, respondents were more pessimistic towards the country’s economic situation in the year ahead (-8.1 from -8.0), as well as in their household’s future financial situation (-0.8 from 0.1).
2021-06-29
Portugal Consumer Confidence Improves for 6th Straight Month
The consumer confidence in Portugal rose to -16.7 in May of 2021 from -21 in April, reaching the highest reading since March of 2020 when the pandemic outbreak started. Consumers were less pessimistic regarding unemployment for the next 12 months (37.7 vs 52.4), as lockdown measures were lifted, and the vaccination rollout is gathering pace. In addition, they also reported brighter expectations for their households’ financial situation (-1.8 vs -4.2 in April), the country’s economic situation (-20.1 vs -32.1), savings opportunities (-18.0 from -20.0); and goods purchases (-30.5 from -32.9).
2021-05-28

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.