Edition 1479
16 June 2018
Edition: 1479

Read this week's issue online exactly as it appears in print.

Twitter

Consumer confidence at all-time high in May

by TPN/Lusa, in News · 31-05-2018 13:38:00 · 0 Comments

Portugal’s consumer confidence indicator rose in May, for the third consecutive month and to the maximum value for the series, and the economic climate indicator also rose to its highest level since May 2002, the National Statistics Institute (INE) said this week.

Consumer confidence at all-time high in May

According to figures from INE the consumer confidence indicator increased from 2.4 points in April to 3.3 points in May, “reaching the maximum value of the series.”
Meanwhile, the economic climate indicator, calculated by surveying companies from a variety of sectors, increased in May to 2.3 points after stabilising in April at 2.1 points, “peaking at its highest level since May 2002,” INE said.
INE added that in May confidence indicators increased in construction and public works and in retail and services, but decreased in manufacturing.
“The increase in the consumer confidence indicator in May reflected the positive contribution of the outlook for unemployment and household financial situation, in a more significant way in the former case,” it said.
This was followed by news that the Portuguese unemployment rate had dropped to 7.5 percent in March, the lowest level since April 2004, the INE said on Wednesday.
This figure was 0.1 percentage points higher than the institute’s provisional estimate for March disclosed last month.
“The March 2018 unemployment rate of 7.5 percent is 0.1 percentage points lower than the month before, 0.4 p.p. lower than three months before and 2.2 p.p. lower than in March 2017” the INE said.

 

Comments

Be the first to comment on this article

Interactive Topics, send us your comments/opinion on this article.


Please enter the letters as they are
shown in the image.
Letters are not case-sensitive.
Edition 1479
16 June 2018
Edition: 1479

Read this week's issue online exactly as it appears in print.

Twitter