Personal Spending in Portugal increased 6.20 percent in September of 2021 over the same month of the previous year. source: Banco de Portugal

Personal Spending in Portugal averaged 1.69 percent from 1978 until 2021, reaching an all time high of 6.30 percent in May of 1988 and a record low of -8.40 percent in July 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 October of 2021.

Personal Spending in Portugal is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Private Consumption YoY is projected to trend around 3.60 percent in 2022 and 2.40 percent in 2023, according to our econometric models.

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Portugal Private Consumption YoY

Calendar GMT Actual Previous Consensus TEForecast
2021-09-17 10:30 AM Aug 7.1% 6.8% 7.2%
2021-10-22 10:30 AM Sep 6.2% 6.2% 6.9%
2021-11-18 11:30 AM Oct 6.2%

Portugal Last Unit Reference Previous Highest Lowest
Consumer Credit 123483.60 EUR Million Aug/21 123052.00 141993.00 33832.00
Personal Spending 6.20 percent Sep/21 6.20 6.30 -8.40
Bank Lending Rate 2.20 percent Aug/21 2.20 8.08 1.63

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).