Portugal: Economic sentiment rises in February
Latest reading: Economic sentiment went up to 104.3 in February, following January’s 103.4. The latest reading was above the long-term average of 100, pointing to a positive near-term outlook for the economy.
In February, sentiment improved in the industrial sector (-2.1 vs -3.5 in January) and the services sector (+7.4 vs +3.9 in January). On the flipside, sentiment darkened in the construction sector (+1.8 vs +3.0 in January), the retail sector (+3.8 vs +4.5 in January) and among consumers (-17.1 vs -13.6 in January).