Portugal's Consumer Confidence Index Reaches 4-Year High

Portugal's Consumer Confidence Index Reaches 4-Year High

Portugal's consumer confidence index reaches a 4-year high. The best immigration news can be found on the Worldway investment immigration official website.

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    Immigrate to Portugal and follow Portugal news: Data just released by the National Statistics Institute of Portugal shows that the country's consumer confidence index and business confidence index continued to rise in February.

 

Portugal's Consumer Confidence Index Reaches 4-Year High

 

The consumer confidence index rose from -36.7 in February to -32.6, reaching its highest level since January 2010, primarily due to a decline in the unemployment rate and improvements in the domestic economic situation and household financial conditions.

At the same time, business confidence continued to strengthen, with recovery in the manufacturing, public works and construction, trade, and service sectors in February, as the index rose from -0.8 in January to -0.6.

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