Portugal’s business confidence sinks in May

Portugal’s business confidence sinks in May

Portugal’s headline business and consumer confidence indicators fell sharply in May, but monthly data pointed to a recovery as the country lifted its coronavirus lockdown.

 

The National Statistics Institute said on Thursday the main economic climate indicator fell by 2.5 points in April, while its consumer confidence indicator dropped more than eight points.

 

Portugal begins the third phase of its lockdown exit plan on Monday (June 1).

 

Carrie-Marie Bratley