ISEG – economic confidence growing

An index into economic confidence in Portugal compiled by a group of economists at the ISEG – Lisbon School of Economics and Management, shows that confidence increased to 38.1 points in October after having stood at 37.5 points in September.

The value calculated by the academics thereby reflects an improvement in economic conditions in Portugal.
The indicator’s homologous variation was 39% which is represented in terms of the base line taken from the abrupt fall in economic activity in 2020.
Moreover, the indicator now exceeds pre-pandemic levels, and also shows that the value has grown for nine months in a row, showing an overall upwards trajectory for Portugal’s economy.
The consensus was reached by a panel of academic members responsible for the index which is calculated based on the replies of 18 professors at the economics school.