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.