The consumer confidence indicator in Portugal fell to -7.2 in December of 2019 from -6.9 in November, which was the highest in 2019. Expectations worsened for household’s financial situation for the next 12 months (2 vs 4.6 in November); country’s economic situation (-5.5 vs -2.4) and major purchases (-26.7 vs -25.1). On the other hand, the current assessment of household's financial situation was slightly less pessimistic (-2.9 vs -4.5). Consumer Confidence in Portugal averaged -17.57 points from 1997 until 2019, reaching an all time high of -0.80 points in November of 1997 and a record low of -46.80 points in December of 2012.

Consumer Confidence in Portugal is expected to be -8.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Portugal to stand at -6.00 in 12 months time. In the long-term, the Portugal Consumer Confidence is projected to trend around -6.60 points in 2020, according to our econometric models.

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Portugal Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
-7.20 -6.90 -0.80 -46.80 1997 - 2019 points Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 08:30 AM Sep -7.1 -7.6 -10
2019-10-30 09:30 AM Oct -7.2 -7.1 -8.6
2019-11-28 09:30 AM Nov -6.9 -7.2 -8.9
2020-01-02 11:00 AM Dec -7.20 -6.9 -7
2020-01-30 09:30 AM Jan -7.2


News Stream
2019-11-28
Portugal Consumer Confidence at 11-Month High
Consumer confidence indicator in Portugal went up to -6.9 in November 2019 from -7.2 in the previous month, the highest since December 2018. Expectations improved for all main components: household’s financial situation (3.7 vs 2.8 in October); country’s economic situation (-2.1 vs -2.5) and major purchases (-25.3 vs -25.9). Meantime, the current assessment on household's financial situation deteriorated (-3.8 vs -3.2).

2019-10-30
Portugal Consumer Confidence Edges Down
Consumer confidence indicator in Portugal dropped to -7.2 in October 2019 from -7.1 in September, following six consecutive monthly rises. The slight deterioration resulted from the negative contributions of the perspectives regarding major purchases (-25.9 from -25.1 in September) and the current assessment on household's financial situation (-3.2 from -3.0). Meanwhile, improvements were seen in expectations regarding the country's economic situation (-2.5 from -2.8) and household financial situation over the next 12 month (2.8 from 2.5).

2019-09-27
Portugal Consumer Morale Improves to 9-Month High
Consumer confidence indicator in Portugal went up to -7.1 in September 2019 from -7.6 in the previous month, the highest since December 2018. September's improvement resulted from the positive contribution of all the components, namely household financial situation over the past 12 months (-3.0 from -3.1) and prospects regarding the country's economic situation (-2.8 from -3.0); major purchases (-25.1 from -26.2) and household financial situation over the next 12 months (2.5 from 2.1).

2019-08-29
Portugal Consumer Confidence at 7-Month High
The consumer confidence indicator in Portugal rose to -7.6 in August 2019, the highest since January, from -8.0 in the previous month. August's improvement resulted from the positive contribution of all the components, namely household financial situation over the past 12 months (-3.1 from -3.3) and prospects regarding the country's economic situation (-3.0 from -3.8); major purchases (-26.2 from -26.6) and household financial situation over the next 12 months (2.1 from 1.9).

2019-07-30
Portugal Consumer Morale Improves to 6-Month High
The consumer confidence indicator in Portugal increased to -8 in July 2019, the highest since January, from -8.3 in the previous month, boosted by an improvement in household financial situation over the past 12 months (-3.3 vs -3.4) and major purchases climate (-26.6 vs -28.4). By contrast, there was a deterioration in expectations over the next 12 months regarding the financial situation (1.9 vs 2.2) and the country's economy (-3.8 vs -3.4).

2019-06-27
Portugal Consumer Morale at 4-Month High
The Portuguese consumer confidence indicator increased to -8.3 in June of 2019 from -9 in the previous month. It was the highest reading since February, amid improvements in households' expectations over the next 12 months regarding their financial situation (2.2 from 1.9 in May); the country’s economic situation (-3.4 from -5.1) and propensity to make major purchases (-28.4 from -29.4). In contrast, savings propensity dropped (-19 from -18.8) and inflation expectations remained unchanged (at 11.3).


Portugal Consumer Confidence
In Portugal, the consumer confidence index on three terms moving averages is based on interviews with consumers about their perceptions of the country's current and future economic situation and their tendencies to purchase. It is estimated using the difference between the share of positive evaluation responses and negative evaluation responses, but do not include the share of neutral responses. The use of moving averages smooths out the series by removing the irregular movements, allowing the detection of the short-term trends.

Portugal Consumer Last Previous Highest Lowest Unit
Consumer Confidence -7.20 -6.90 -0.80 -46.80 points [+]
Retail Sales MoM 0.80 2.20 6.10 -7.40 percent [+]
Retail Sales YoY 3.70 3.60 18.70 -11.20 percent [+]
Consumer Spending 32028.70 31666.20 32028.70 22266.20 EUR Million [+]
Personal Savings 6.20 6.10 13.90 5.10 percent [+]
Consumer Credit 118662.00 118205.00 141993.00 33832.00 EUR Million [+]
Personal Spending 2.70 2.70 6.30 -6.40 percent [+]
Households Debt To GDP 65.40 65.80 92.20 7.60 percent of GDP [+]
Households Debt To Income 98.26 100.95 127.56 83.75 percent [+]
Bank Lending Rate 2.56 2.62 8.08 2.51 percent [+]
Disposable Personal Income 43886.00 44025.50 44025.50 19041.50 EUR Million [+]
Gasoline Prices 1.67 1.63 2.33 0.77 USD/Liter [+]
Consumer Confidence Economic Expectations 12.59 9.42 12.59 -63.74 [+]
Consumer Confidence Financial Expectations 3.36 2.71 7.60 -34.53 [+]
Consumer Confidence Savings Expectations -26.40 -26.12 -0.39 -42.17 [+]
Consumer Confidence Unemployment Expectations -17.17 -14.49 79.72 -17.17 [+]