Portugal Sept. Consumer Confidence Improves

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Tuesday, the Statistics Portugal announced that the consumer confidence indicator stood at minus 29.5 in September, up from minus 34.3 recorded in August, revised from minus 39.3 reported initially. The consumer confidence was minus 36.5 a year earlier.

The confidence indicator on manufacturing sector rose to minus 20.7 in September from minus 27.1 in August. The confidence indicator for August was revised from minus 29.4 estimated initially.

In September, services confidence increased to minus 5.8 from minus 9 in August, while the confidence indicator on trade rose to minus 12.4 from minus 12.9.

Meanwhile, the economic sentiment indicator stood at minus 0.8 in September, up from minus 1.2 in August. A year ago, the indicator was 0.1.

Tuesday, the Statistics Portugal announced that the consumer confidence indicator stood at minus 29.5 in September, up from minus 34.3 recorded in August, revised from minus 39.3 reported initially. The consumer confidence was minus 36.5 a year earlier. (Market News Provided by RTTNews)