Unemployment in Portugal
Portugal - UnemploymentAvailable data points to a relatively tepid pace of expansion in Q1. Industrial output contracted more sharply in January–February compared to Q4 2018 amid ebbing global momentum, while the current account deficit widened compared to the same period last year. And while retail sales growth, on average, picked up in the first two months, confidence among consumers fell sharply throughout Q1 over rising fears on the economy’s prospects in the year ahead. A surge in imports in January–February, mainly of capital goods, however, suggests that domestic demand remained somewhat resilient. Meanwhile, the country grappled with energy shortages at the outset of Q2, as fuel-tanker drivers began a three-day nationwide strike on 15 April over low wages and poor working conditions. The strike disrupted wider economic activity as some factories halted production, bus routes were suspended, and flights cancelled—spilling over into losses for the vital tourism sector.
Portugal - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Portugal Unemployment Chart
Source: Statistics Portugal (INE).
|Bond Yield||1.16||-1.90 %||May 13|
|Exchange Rate||1.12||0.65 %||May 13|
|Stock Market||5,070||-0.02 %||May 13|
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May 15, 2019
The economy gained traction in the first quarter of the year, according to preliminary estimates released by the National Statistical Institute (INE) on 15 May.
April 30, 2019
Portugal’s industrial sector remained in the doldrums at the end of the first quarter, contracting at a much sharper pace in March compared to February.
Portugal: Consumers turn more optimistic in April, while the overall economic sentiment indicator remains steady
April 29, 2019
Consumers turned more optimistic in April, with the consumer sentiment index rising to minus 7.3 points, up from March’s over two-year low of minus 11.7 points.
March 29, 2019
Portugal’s industrial sector contracted for the fourth consecutive month in March amid a wider global slowdown, although the rate of decline eased somewhat from February.
March 28, 2019
According to the National Statistics Institute’s (INE) survey of consumer sentiment released on 28 March, consumer confidence slid for the sixth month running in March, falling to minus 11.7 points, down from minus 9.9 points in February.