Private consumption in Portugal slumped 11.5 percent year-on-year in August of 2020, following a downwardly revised 11.3 percent fall in the prior month, according to data published by Banco de Portugal. It was the ninth consecutive month of declines in private consumption and the sharpest on record, as economic uncertainty prompted by the global pandemic continued to weigh heavily on spending.

Personal Spending in Portugal averaged 1.70 percent from 1978 until 2020, reaching an all time high of 6.30 percent in May of 1988 and a record low of -11.50 percent in August of 2020. This page provides - Portugal Personal Consumption YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Private Consumption YoY - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020.

Personal Spending in Portugal is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Spending in Portugal to stand at 1.90 in 12 months time. In the long-term, the Portugal Private Consumption YoY is projected to trend around 2.30 percent in 2021, according to our econometric models.

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Portugal Private Consumption YoY

Actual Previous Highest Lowest Dates Unit Frequency
-11.50 -11.30 6.30 -11.50 1978 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-19 12:00 PM May -8% -5.7%
2020-07-17 02:00 PM Jun -10.4% -8.3% -4.9%
2020-08-21 01:00 PM Jul -13.5% -12% -9.2%
2020-09-18 12:00 PM Aug -11.5% -11.3% -9.4%
2020-10-23 10:30 AM Sep -11.5%
2020-11-20 11:30 AM Oct
2020-12-18 11:30 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.

Portugal Consumer Last Previous Highest Lowest Unit
Consumer Confidence -26.00 -28.30 -0.80 -46.80 points [+]
Retail Sales MoM 3.90 5.30 14.80 -17.40 percent [+]
Retail Sales YoY -3.00 -5.70 18.70 -22.20 percent [+]
Consumer Spending 26790.60 31155.40 32076.10 22266.30 EUR Million [+]
Personal Savings 6.20 6.10 13.90 5.10 percent [+]
Consumer Credit 118978.00 118818.00 141993.00 33832.00 EUR Million [+]
Personal Spending -11.50 -11.30 6.30 -11.50 percent [+]
Households Debt To GDP 64.00 63.90 92.20 7.60 percent of GDP [+]
Households Debt To Income 92.97 98.26 127.56 83.75 percent [+]
Bank Lending Rate 2.07 1.84 8.08 1.63 percent [+]
Gasoline Prices 1.66 1.65 2.33 0.77 USD/Liter [+]
Disposable Personal Income 41676.00 43878.40 44025.50 19041.50 EUR Million [+]
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 [+]


Portugal Private Consumption YoY
In Portugal, private consumption year-on-year refers to the annual change of the coincident indicator for the Portuguese personal consumption that includes eight major indicators: real private consumption; real retail trade turnover index; sales of light passenger vehicles; retail sales volume (trade survey); tourism nights spent by residents in Portugal; real industrial turnover index of consumer goods in the domestic market; households’ financial situation; and general economic situation (consumers’ survey).