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2010.08.3006:09:00UTC+00Portugal Economic Sentiment Indicator Stable In August

Portuguese economic sentiment indicator logged 0.1 in August, unchanged from the previous month, a report by the Statistics Portugal showed on Monday. A year earlier, indicator was minus 1.2.

The confidence indicator on manufacturing industry rose to minus 11.5 in August from minus 12.2 in the previous month. The indicator was minus 23.6 a year ago. Similarly, the services confidence improved to minus 10.3 from minus 8.4 in July.

The confidence indicator on trade dropped to minus 3.1 in August from minus 2.7 in the preceding month. Of which, confidence indicator on wholesale trade fell to minus 4.5 from minus 4.4 in July, while indicator on retail trade slipped to minus 1.9 from minus 1.5. The confidence indicator on construction and public works fell to minus 40.6 from minus 39.9 in July.

Meanwhile, the consumer confidence indicator rose to minus 40.4 in August from minus 42 in the previous month. A year earlier, the confidence indicator was minus 34.3.

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