sexta-feira, 6 de abril de 2018

Portugal Economic Outlook

Detailed GDP data confirmed that the economy grew at a solid rate in the final quarter of last year, propelled by a surge in export growth.

Available information for the start of 2018 suggests that the solid momentum spilled over into the new year. Industrial production growth gained steam in January, and the unemployment rate edged down to a multi-year low in the same month.

The economy staged an impressive turnaround from crisis in recent years, and growth surged to a nearly two-decade high in 2017, in part thanks to a thriving tourism sector.

Although high public debt levels remain a cause for concern, the government has taken steps to reduce imbalances.
In March, the European Commission removed Portugal from its list of countries with excessive economic imbalances.

Portugal Economic Sentiment Chart





Portugal Fixed Investment Forecast

It's expect fixed investment to increase 4.3% in 2018, which is up 0.5 percentage points from last month’s forecast, and 4.0% in 2019.
Experts expect private consumption to grow 2.0% in 2018, which is up 0.1 percentage points from last month’s forecast, and 1.7% in 2019.
Portugal: Consumer confidence and economic sentiment improve in March

According to the recent survey of consumer sentiment released by the National Statistics Institute (INE) on 27 March, consumer confidence shot up to 2.8 points in March from 1.6 points in February. It moved further up from the critical zero-point threshold that separates optimism from pessimism; the indicator has been in optimistic territory since April of last year.
Underpinning the improvement in overall sentiment was consumers’ more favorable outlook on their personal financial situation in the coming 12 months, along with more optimism regarding unemployment over the same period.
An upturn in these sub-components more than offset slightly more pessimistic views on the general economic situation and savings ability over the next 12 months.

The overall economic climate indicator edged up to 2.1 points in March after remaining stable at 1.9 points in the preceding three months.
There was an upturn in economic sentiment in the construction and public works sector owing to improved outlooks on current order books and employment over the next three months.
On the other hand, business sentiment in the manufacturing sector moderated slightly over less optimism on stocks of finished goods and production in the next three months.
The services sector also registered more downbeat sentiment over the business situation and demand in the next three months. Meanwhile, sentiment in the trade sector remained unchanged from the previous month.