Portugal Business Confidence

The Portuguese economic climate indicator dropped to 2.3 in May of 2019 from an upwardly revised 2.5 in the previous month. It was the lowest reading since May 2017, as sentiment deteriorated among constructors (-11.3 from -8.9 in April), manufacturers (-3.7 from -2.9) and retailers (2.7 from 3.2). In contrast, confidence rose among service providers (14.4 from 13.7). Business Confidence in Portugal averaged 1.68 Index Points from 1989 until 2019, reaching an all time high of 5.10 Index Points in March of 1989 and a record low of -4 Index Points in November of 2012.

Business Confidence in Portugal is expected to be 2.20 Index 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 1.40 in 12 months time. In the long-term, the Portugal Business Confidence is projected to trend around 1.00 Index Points in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2019-02-27	09:30 AM	Business confidence	2.2	2.1	2
2019-03-28	09:30 AM	Business confidence	2.3	2.2	1.9
2019-04-29	08:30 AM	Business Confidence	2.3	2.3	2.1
2019-05-28	08:30 AM	Business Confidence	2.3	2.5	2
2019-06-27	08:30 AM	Business Confidence		2.3	2.2
2019-07-30	08:30 AM	Business Confidence			2.3
2019-08-30	08:30 AM	Business Confidence			2.4

Portugal Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	2.30	2.50	5.10	-4.00	Index Points	[+]
Industrial Production	-1.60	-7.10	10.10	-18.20	percent	[+]
Industrial Production Mom	2.90	-0.80	6.40	-6.90	percent	[+]
Manufacturing Production	0.30	-1.40	8.50	-22.30	percent	[+]
Capacity Utilization	78.71	77.32	85.37	68.47	percent	[+]
Changes in Inventories	488.30	290.21	531.75	-477.29	EUR Million	[+]
Car Registrations	22724.00	21121.00	32914.00	5442.00		[+]
Leading Economic Index	2.30	2.10	6.60	-4.00	percent	[+]
Internet Speed	12894.80	12576.03	13144.68	2346.55	KBps	[+]
IP Addresses	3662187.00	3687295.00	3757415.00	1150694.00	IP	[+]
Mining Production	-12.90	12.40	80.80	-49.10	percent	[+]
Competitiveness Index	70.20	69.67	70.20	4.37	Points	[+]
Competitiveness Rank	34.00	33.00	51.00	33.00		[+]
Car Production	26000.00	26271.00	186996.00	806.00	Units	[+]
Ease of Doing Business	34.00	29.00	48.00	23.00		[+]
Electricity Production	4001.00	3666.00	5942.00	2106.00	Gigawatt-hour	[+]
Corruption Index	64.00	63.00	69.70	55.60	Points	[+]
Corruption Rank	30.00	29.00	35.00	19.00		[+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.30	2.50	5.10	-4.00	1989 - 2019	Index Points	Monthly

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Country	Last		Previous	Range
Australia	7.00	May/19	0	21 : -30	Index Points
Brazil	56.90	Jun/19	56.5	68.5 : 35	Index Points
Canada	55.90	May/19	55.9	75 : 36.1	Index Points
China	49.40	May/19	50.1	59.2 : 38.8	Index Points
Euro Area	0.30	May/19	0.42	1.62 : -3.3	Index Points
France	102.00	Jun/19	104	124 : 66	Index Points
Germany	97.40	Jun/19	97.9	110 : 79.9	Index Points
India	113.50	Jun/19	116	128 : 96.4	Index Points
Indonesia	102.10	Mar/19	105	122 : 95.12	Index Points
Italy	102.00	May/19	101	122 : 71.6	Index Points
Japan	12.00	Mar/19	19	53 : -58	Index Points
Mexico	52.40	May/19	52.4	58.6 : 34	Index Points
Netherlands	4.70	May/19	6.7	10.9 : -23.5	Index Points
Russia	-1.00	May/19	-2	7 : -20	Index Points
Saudi Arabia	3.00	Jun/16	-12	63 : -12	Index Points
Singapore	1.00	Mar/19	-14	54 : -57	Index Points
South Africa	28.00	Jun/19	28	92 : 12	Index Points
South Korea	76.00	May/19	75	119 : 35	Index Points
Spain	-3.30	May/19	-3.7	8.5 : -39	Index Points
Switzerland	94.40	May/19	96.2	119 : 71.8	Index Points
Turkey	102.50	Jun/19	98.9	123 : 52.6	Index Points
United Kingdom	-13.00	Jun/19	-23	55 : -75	Index Points
United States	52.10	May/19	52.8	77.5 : 29.4	Index Points