Portugal: Economic sentiment improves in May as political turmoil resolves
Latest reading: Economic sentiment rose to 105.8 in May from April’s 101.6, likely as political uncertainty eased following 18 May election. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected stronger confidence in the services and construction sectors. In addition, consumer sentiment improved. Meanwhile, sentiment was unchanged in the industrial sector, whereas confidence in the retail sector softened.
Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index decreased in May.