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.

Portugal Business Confidence
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus 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 [+]


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. 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




Country Last Previous
Australia 7.00 May/19
Brazil 56.90 Jun/19
Canada 55.90 May/19
China 49.40 May/19
Euro Area 0.30 May/19
France 102.00 Jun/19
Germany 97.40 Jun/19
India 113.50 Jun/19
Indonesia 102.10 Mar/19
Italy 102.00 May/19
Japan 12.00 Mar/19
Mexico 52.40 May/19
Netherlands 4.70 May/19
Russia -1.00 May/19
Saudi Arabia 3.00 Jun/16
Singapore 1.00 Mar/19
South Africa 28.00 Jun/19
South Korea 76.00 May/19
Spain -3.30 May/19
Switzerland 94.40 May/19
Turkey 102.50 Jun/19
United Kingdom -13.00 Jun/19
United States 52.10 May/19


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