Portugal's business confidence indicator rose to 2.9 in August 2026 from 2.8 in July, reaching its highest level since February. Sentiment remained strong in the services sector (8.4, unchanged from July) and improved further in construction (4.9 vs 4.6). By contrast, confidence weakened in manufacturing (-4.4 vs -4.3) and trade (3 vs 3.7), with a decline among both retailers (6.1 vs 6.4) and wholesalers (-0.1 vs 0.9).