FX.co ★ Portugal Consumer Pessimism Deepens in October

Portugal’s consumer confidence index declined to -23.1 in October 2026, down from -20.6 in September. Over the past twelve months, households’ assessments of their own financial situation worsened (-15.9 vs. -13.8), accompanied by a further deterioration in perceptions of the country’s economic outlook. Concerns about inflation intensified, while intentions to make major purchases weakened (-65.6 vs. -62.3). Looking ahead, households expect their financial situation to deteriorate further, with the corresponding index dropping to -9.2 from -7. At the same time, financial uncertainty eased slightly (-19.9 vs. -20.9), although pessimism regarding the national economic situation deepened, as that index fell to -39.3 from -35.