Economic Sentiment Indicator falls for second consecutive month
According to new data from the European Commission, Portugal’s ‘Economic Sentiment Indicator’ fell for the second consecutive month in August, in line with feelings logged throughout the eurozone.
The fall reflects “dwindling confidence in all sectors of business, except that of construction”, says Lusa. Portugal is joined in this lack of confidence by Holland (down 3.6 points), Italy (-2.1), Spain (-1.5) and Germany (-1.1).
The only significant country to show a positive tendency was France, where economic sentiment was up 0.8 points.