The economic climate indicator in Portugal rose to a four-month high of -0.5 in April of 2021, from -1.1 in the prior month, as the country started to progressively retreat on some of its lockdown measures, imposed upon the tremendous vague of infections recorded earlier in the first quarter. Despite the pessimist outlooks recorded across sectors, all the assessments were marginally brighter than in the previous month. The biggest improvement was seen in the manufacturing sector (-10.1 vs -12.9 in March), closely followed by those in services (-19.3 vs -21.5), trade (-10 vs -12.7) and construction (-12.6 vs -13.4). source: Statistics Portugal
Business Confidence in Portugal averaged 1.62 points from 1989 until 2021, reaching an all time high of 5.10 points in March of 1989 and a record low of -4.70 points in June of 2020. 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 May of 2021.
Business Confidence in Portugal is expected to be -0.50 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 0.10 in 12 months time. In the long-term, the Portugal Business Confidence is projected to trend around 0.80 points in 2022, according to our econometric models.