FX.co ★ Portuguese Consumer Confidence Weakens Further in October

Consumer sentiment in Portugal deteriorated in October 2026, as the consumer confidence indicator slipped to -23.10, down from -20.60 recorded in September 2026.

The latest reading, updated on 29 October 2026, indicates that Portuguese households have grown more pessimistic about the economic outlook compared with the previous month. The deeper negative value suggests rising caution among consumers, which could weigh on domestic demand if the trend persists.

With confidence moving further into negative territory, analysts and policymakers will be watching upcoming data closely for signs of whether this downturn in sentiment is temporary or the start of a more sustained weakening in household expectations.