The economic climate indicator in Portugal was at -0.9 in January of 2021, the lowest since July of last year, amid the reintroduction of the national lockdown. Pessimism increased among traders (-12.2 vs -8.9) and manufacturers (-15.1 vs -13.3), while improvements were seen in the sub-indexes for construction and public infrastructure (-13 vs -14.7), and services (-17.6 vs -19). source: Statistics Portugal

Business Confidence in Portugal averaged 1.65 points from 1989 until 2021, reaching an all time high of 5.10 points in March of 1989 and a record low of -4.30 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 February of 2021.

Business Confidence in Portugal is expected to be -1.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Business Confidence in Portugal to stand at 0.10 in 12 months time. In the long-term, the Portugal Business Confidence is projected to trend around 0.80 points in 2022, according to our econometric models.

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Portugal Business Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -0.40 5.10 -5.80 1989 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-29 09:30 AM Business Confidence Oct 0.0 -0.5 -1
2020-11-27 09:30 AM Business Confidence Nov -0.1 0.0 -0.8
2021-01-04 11:00 AM Business Confidence Dec -0.1 -0.1 -1
2021-01-28 09:30 AM Business Confidence Jan -0.9 -0.4 -0.6
2021-02-25 09:30 AM Business confidence Feb -0.9 -0.4
2021-03-30 08:50 AM Business confidence Mar
2021-04-29 08:30 AM Business Confidence Apr
2021-05-28 08:30 AM Business Confidence May


News Stream
Portugal Business Confidence at 6-Month Low
The economic climate indicator in Portugal was at -0.9 in January of 2021, the lowest since July of last year, amid the reintroduction of the national lockdown. Pessimism increased among traders (-12.2 vs -8.9) and manufacturers (-15.1 vs -13.3), while improvements were seen in the sub-indexes for construction and public infrastructure (-13 vs -14.7), and services (-17.6 vs -19).
2021-01-28
Portuguese Businesses Remain Pessimistic in December
The economic climate indicator in Portugal was at -0.1 in December of 2020, unchanged from the previous month, amid the reintroduction of coronavirus restrictions. Pessimism increased among constructors (-14.1 vs -13.1 in November), traders (-7.6 vs -7.3) and service providers (-17.2 vs -17), but the sub-index for manufacturers improved slightly (-14.3 vs -15).
2021-01-04
Portuguese Businesses More Pessimistic in November
The economic climate indicator in Portugal edged down to -0.1 in November of 2020 from 0 in October which was the highest reading since March. Business confidence fell back to negative levels as coronavirus cases in the country surged and restrictions were reintroduced. Traders (-7.3 vs -6.7), constructors (-13.1 vs -12) and manufacturers (-15 vs -14.3) were more pessimistic while the sub-index for service providers improved slightly (-17 vs -20).
2020-11-27
Portugal Business Confidence Continues to Improve
The economic climate indicator in Portugal increased to 0.0 in October of 2020 from -0.5 in the previous month, reaching the highest since March. Still, it remains well below 2.2 in February, before the coronavirus crisis. Service providers (-20 vs -27.7 in September), traders (-6.7 vs -97.7) and constructors (-12 vs -14.4) were slightly less pessimistic while sentiment was unchanged among manufacturers (-14.3).
2020-10-29

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.