Portugal Consumer Confidence Improves In May

Portugal’s consumer confidence recovered slightly in May, after the lockdown restrictions imposed to curb the [coronavirus][1] pandemic were eased, data from Statistics Portugal showed on Thursday.

The consumer confidence index rose to -32.1 in May from -41.6 in April. That was the biggest increase for this series.

The manufacturing confidence indicator fell to -38.5 in May from -32.1 in the preceding month.

The construction sector morale increased to -29.2 in May from -35.8 in the prior month.

The index reflecting the morale in the trade sector rose to -28.1 in May and the confidence measure in the services sector fell to -56.8.

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