The improving economic climate in Portugal and falls consumer confidence

The economic sentiment indicator improved in Portugal in June and reached the highest value since September 2008, while consumer confidence fell in the same month, as reported today by the National Institute of Statistics Luso.

The INE said the economic sentiment indicator stood at 0.1 percent in June, and extended, thus continuing the recovery that began in May 2009.

For its part, the indicator of consumer confidence fell to -38.3 points in May to negative 40.1 points in June, the lowest value since a year ago.
Also expectations about economic developments in the country declined "expressly" in the past seven months, and the prospects for saving the profile observed negative lasted since November.