Portugal Consumer Confidence Weakens In September

Portugal’s consumer confidence weakened for the first time in three months in September, while [business][1] confidence improved further, survey data from Statistics Portugal showed on Tuesday.

The consumer confidence indicator eased to -26.3 from -26 in August. The index rebounded after hitting a low of -33.1 in June.

The manufacturing confidence index rose for a third straight month in September to -14.3 from -17.3 in the previous month.

Morale improved sharply in services, wholesale and retail trade, and construction sectors.

The overall economic sentiment indicator recovered strongly to -0.5 from -1.3 in August.

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