The economic climate indicator in Portugal fell further to -3.2 in May of 2020 from -0.7 in the previous month. It was the lowest reading since April of 2013, as businesses continued to be affected by the coronavirus crisis. Confidence deteriorated among service providers (-39.6 vs -18.2 in Apil), manufacturers (-26.8 vs -15.9), retailers (-21.4 vs -10.7) and constructors (-24.3 vs -16.5).
Business Confidence in Portugal averaged 1.67 points from 1989 until 2020, reaching an all time high of 5.10 points in March of 1989 and a record low of -4 points in November of 2012. 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 June of 2020.
Business Confidence in Portugal is expected to be -3.00 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 -1.20 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.