Current Account in Portugal
Portugal - Current AccountA detailed breakdown of GDP confirmed that the economy shifted to a lower gear in the first quarter of the year due to a fall in exports. Available data for the outset of the second quarter offered a mixed picture: Industrial production accelerated markedly in April, while retail sales lost considerable speed. Prospects appeared brighter in May, with consumer confidence and business sentiment climbing to higher ground. Moody’s recently highlighted that, while the country’s fragile banking system has strengthened on the substantial decline of non-performing loans (NPLs), banks’ holdings of NPLs are still very high compared to that of Eurozone peers. The continuation of the economic recovery and increased regulatory pressure on banks should help to further cut NPL ratios.
Portugal - Current Account Data
|Current Account (% of GDP)||1.6||0.1||0.1||0.6||0.5|
5 years of economic forecasts for more than 30 economic indicators.
Portugal Current Account Chart
Source: Bank of Portugal (BP).
|Bond Yield||1.74||-1.90 %||Jul 13|
|Exchange Rate||1.17||0.65 %||Jul 13|
|Stock Market||5,619||-0.02 %||Jul 13|
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 29, 2018
Industrial production contracted 2.7% in May, contrasting a revised 4.3% upturn in April (previously reported: +3.8% year-on-year).
Portugal: Consumer confidence slips to six-month low in June, while economic sentiment improves slightly
June 28, 2018
According to the recent survey of consumer sentiment released by the National Statistics Institute (INE) on 28 June, consumer confidence fell to a six-month low of 1.3 points in April, down from 4.1 points in May.
May 30, 2018
Detailed national accounts figures, released by the Statistical Institute on 30 May, confirmed that the economy lost pace in the first quarter of 2018, following the best quarter-on-quarter result since Q4 2016 in the previous quarter.
May 30, 2018
Annual growth in industrial production surged to 3.8% in April, up from a revised expansion of 2.1% in March (previously reported: +1.7% year-on-year).
May 29, 2018
According to the recent survey of consumer sentiment released by the National Statistics Institute (INE) on 29 May, consumer confidence soared to 4.1 points in May from 3.0 points in April.