FX.co ★ Portugal Consumer Pessimism Increases

In January 2026, Portugal's consumer confidence index experienced a slight decline, slipping to -14.7 from December's one-year peak of -14.5. This marks the first rise in pessimism since September of the previous year. The shift is attributed to increased uncertainty among consumers regarding their financial stability, with indicators showing a decline from -23 in December 2025 to -23.2. This uncertainty is mirrored in consumers' expectations for their personal financial situation in the coming year, which fell from -1.5 to -1.9. Moreover, there was a heightened sense of pessimism concerning the country's economic outlook for the next year, falling from -21.6 to -22.5.