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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PortugalPortugal Consumer Confidence climbed to -20.5% in August 2026
FMPMonthlyReleased August 2026
Portugal Consumer Confidence climbed to -20.5% in August 2026, up 2.1% from July's -22.6% reading. The print exceeded the -23.0% consensus by 2.5%. Consumer Confidence has now risen for 4 consecutive months. Over the past 3 months, Consumer Confidence averaged -24.25%, vs -23.23% in the prior 3-month window. The reading is in the 19th percentile of the trailing 24-month range.
Latest Release
-20.5
Actual
-23
Consensus
-22.6
Previous
Median Absolute Error
±1.24 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: -22.03
Actual: -20.5
Error: -1.52
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.44 | FOREX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.28 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (Portugal) was reported at -20.5% in August 2026. This beat the market consensus of -23% by 2.5%. The reading rose from the previous value of -22.6%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged -18.81%, ranging from -27.1% to -14.5% across 11 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged -23%, down from the prior three at -20.37%. Volatility over the past year (σ 4.38%) is higher than the prior year (σ 1.55%). In August readings over the past 3 years, Consumer Confidence has averaged -17%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.24%.
WHAT TO WATCH NEXT
The next release is scheduled for September 29, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Consumer Confidence - PT
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About Consumer Confidence — Portugal
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual -20.5 %, consensus -23 %. Prior reading (Jul 2026): -22.6 %. Before that (Jun 2026): -25.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.44) — a useful reference for forex-focused traders.
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