Portugal: Consumer confidence improves while economic climate deteriorates in December
December 29, 2015
The consumer confidence index rose from minus 17.3 points in November to minus 11.8 points in December, marking a three-month high. According to the Statistical Institute, the increase in consumer confidence reflected improvements in all components of the index, with the exception of households’ view of the future economic situation. Conversely, future employment perspectives recorded the most significant improvement.
The economic climate indicator remained in optimistic territory, although it deteriorated from November’s 0.9 points to a nine-month low of 0.7 points in December.
Author: Eric Denis , Economist