The 3-month moving average of the economic climate indicator in Portugal edged up to 2 in December of 2021 from 1.9 in the previous month. Sentiment improved among service providers (14 vs 11.8 in November), traders (4.4 vs 3.8) and manufacturers (-2.1 vs -2.7). Meanwhile, constructors were more pessimistic (-5.9 vs -5.7). 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 January of 2022.

Business Confidence in Portugal is expected to be 1.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Business Confidence is projected to trend around 2.30 points in 2023, according to our econometric models.

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Portugal Business Confidence


Calendar GMT Actual Previous Consensus TEForecast
2021-11-29 09:30 AM Nov 1.9 2.0 1.7
2022-01-04 11:00 AM Dec 2.0 1.9 1.5
2022-01-28 09:30 AM Jan 2


Related Last Previous Unit Reference
Business Confidence 2.00 1.90 points Dec/21
Industrial Production Mom 1.20 0.40 percent Nov/21
Industrial Production 0.20 -6.30 percent Nov/21
Manufacturing Production 0.80 -3.40 percent Nov/21
Capacity Utilization 81.87 79.52 percent Sep/21
New Orders 112.60 111.00 points Dec/13
Changes in Inventories -53.32 -62.32 EUR Million Sep/21
Mining Production 32.70 23.30 percent Nov/21

News Stream
Portugal Business Morale Improves Slightly
The 3-month moving average of the economic climate indicator in Portugal edged up to 2 in December of 2021 from 1.9 in the previous month. Sentiment improved among service providers (14 vs 11.8 in November), traders (4.4 vs 3.8) and manufacturers (-2.1 vs -2.7). Meanwhile, constructors were more pessimistic (-5.9 vs -5.7).
2022-01-04
Portugal Business Sentiment Edges Down in November
The 3-month moving average of the economic climate indicator in Portugal edged down to 1.9 in November of 2021 from 2 October, which was the highest since February of 2020, as constructors turned more pessimistic (-5.7 vs -4.1 in October). Meanwhile, confidence remained stable for traders (at 3.8) and it improved for service providers (11.8 vs 9.8) and manufacturers (-2.7 vs -3.4).
2021-11-29
Portugal Business Morale at Over 1-1/2 Year High
The 3-month moving average of the economic climate indicator in Portugal edged up to 2 in October of 2021 from 1.6 in the previous month. It was the highest reading since pre-pandemic levels in February of 2020, as sentiment improved for services (9.8 vs 7.2 in September), trade (3.8 vs 2.5) and construction and public works (-4.1 vs -6). On the other hand, sentiment slightly fell in the manufacturing industry (-3.4 vs -3.3).
2021-10-28

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.