Portugal: Economic sentiment increases in November
Latest reading: Economic sentiment rose to 106.5 in November, following October’s 104.5. Consequently, the index moved further above the long-term average of 100, pointing to a positive near-term outlook for the economy.
In November, sentiment brightened in the industrial sector (-0.2 vs -5.3 in October), the construction sector (+3.9 vs +3.4 in October) and the retail sector (+6.7 vs +5.0 in October). However, sentiment darkened in the services sector (+5.8 vs +7.7 in October) and among consumers (-15.3 vs -13.3 in October).