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Financial News: Portugal Consumer Confidence At 17-Year High

Portugal Consumer Confidence At 17-Year High

03/30/2017 - 07:37:00 (RTTNews)

(RTTNews) - Portugal's consumer confidence strengthened further in March to the strongest level in seventeen years, figures from Statistics Portugal showed Thursday.

The consumer confidence index, on the basis of 3 months moving average, rose to -3.4 in March from -4.4 in February.

Moreover, this was the highest score since March 2000, when it marked -2.8.

Households' expectations regarding the general economic situation of the country for the next twelve months improved in March. The corresponding index climbed to 4.2 from 3.6.

Similarly, the index measuring their own financial situation for the next year increased from 1.7 to 1.8.

Data also revealed that the economic climate indicator improved to 1.6 in March from 1.4 in the preceding month.

Among components, confidence improved in construction and public works, trade and services, while morale stabilized in manufacturing industry.

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