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Financial News: Portugal Consumer Confidence Weakens At Record Pace

Portugal Consumer Confidence Weakens At Record Pace

04/29/2020 - 08:07:00 (RTTNews)

(RTTNews) - Portugal's consumer confidence deteriorated at a record pace in April amid the coronavirus pandemic, data from Statistics Portugal showed on Wednesday.

The consumer confidence index fell to -21.0 in April from -9.9 in March.

The economic sentiment index decreased to -0.7 in April from 1.9 in the previous month.

The manufacturing confidence indicator fell to -15.9 in April from -6.1 in the preceding month.

The construction sector morale decreased to -16.5 in April from -6.4 in the prior month.

The index reflecting the morale in the trade sector decreased to -10.7 in March and the confidence measure in the services sector fell to -18.2.

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