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Financial News: Portugal Consumer Confidence Rises For Second Month

Portugal Consumer Confidence Rises For Second Month

06/29/2020 - 06:51:00 (RTTNews)

(RTTNews) - Portugal's consumer confidence improved for a second straight month in June, led by a strong rebound in manufacturing, as the country began its third phase of the plan for lifting Covid-19 restrictions, data from Statistics Portugal showed on Thursday.

The consumer confidence index rose to -25.7 in June from -32.1 in May.

The manufacturing confidence indicator increased to -24.4 in June from -38.5 in the preceding month.

The construction sector morale rose to -22.4 in June from -29.2 in the prior month.

The index reflecting the morale in the trade sector improved to -20.1 in June and the confidence measure in the services sector rose to -46.5.

The economic climate indicator rose to -2.5 from -5.1 in the previous month.

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