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). source: Statistics Portugal
Business Confidence in Portugal averaged 1.66 points from 1989 until 2020, 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 November of 2020.
Business Confidence in Portugal is expected to be -1.80 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 -0.30 in 12 months time. In the long-term, the Portugal Business Confidence is projected to trend around 0.10 points in 2021 and 0.80 points in 2022, according to our econometric models.