Consumer confidence revives in April after sharp drop in March
"The consumer confidence indicator increased in April, after the abrupt decrease in March, the second most intense of the series, only surpassed by that recorded in April 2020," the INE release reads.
Portugal’s consumer confidence indicator rose in April after a “sharp decrease” in March, and economic climate indicator also “increased slightly” after a “moderate decrease” in March, the National Statistics Institute (INE) said in a report released on Thursday.
“The consumer confidence indicator increased in April, after the abrupt decrease in March, the second most intense of the series, only surpassed by that recorded in April 2020 at the beginning of the pandemic,” the INE release reads.
The index of consumer views on the future evolution of prices, meanwhile, fell in April, having in March recorded the highest increase of the series, “which by a wide margin surpassed the previous maximum value.”
As for the economic climate indicator, it “increased slightly in April, after the moderate decrease in March”.
In April, confidence indicators increased in manufacturing, trade and services, while decreasing in construction and public works for the third consecutive month.
According to the INE, the balance of expectations of entrepreneurs in manufacturing industry and construction on the future evolution of sales prices recorded new highs in April, while in trade and services they decreased, having in March reached highs.