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Consumer confidence indicator decreases and economic climate indicator continues to recover
Business and consumer surveys
Consumer confidence indicator decreases and economic climate indicator continues to recover - July 2020
30 July 2020

Summary

In July, the Consumer confidence indicator decreased, after recovering partially in the previous two months from the greatest reduction compared to the previous month recorded in April.
The economic climate indicator increased between May and July, after reaching the minimum value of the series in April. Confidence indicators recovered in all sectors, with emphasis on the Manufacturing Industry, which extended the greatest increase in the series registered in the previous month, after having recorded the minimum of the series in May. In Construction and Public Works and in Trade, the indicators recovered partially between May and July. The Services confidence indicator increased in June and July, after having presented the lowest value in the series in May.

Despite the circumstances determined by the pandemic COVID 19, Statistics Portugal will try to maintain the statistical production and release calendar, although some adjustments might occur associated with the impact of the pandemic in obtaining primary information. For this reason, Statistics Portugal asks for the best collaboration by firms, households and public entities in answering to Statistics Portugal‘s requests to obtain information, using Internet and telephone as alternative channels to face-to-face contacts. The quality of official statistics, particularly its ability to identify the impacts of the COVID-19 pandemic, depends crucially on this collaboration that Statistics Portugal is grateful for in advance.


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