In March 2025, business confidence in Portugal decreased to a five-month low of 2.4, down from 2.7 in February, likely influenced by increasing political instability. Confidence indicators dipped across all sectors: the manufacturing sector saw a decline from -5.2 to -5.4, the services sector fell sharply from 16.5 to 10.7, construction and public works edged down marginally from 4.4 to 4.3, and the retail sector experienced a slight decrease from 4.4 to 4.1.