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Data Change: Portugal - Consumer confidence indicator
Thursday, 07 Feb 2019 15:18 ET
By Jason Flynn
February 2019 -- Concurrent with dissemination of January 2019 results for Portugal's consumer confidence indicator (CCI), the source has changed the survey methodology and revised its entire history (one monthly series 1997 to 2018, replaced from 1997).

The source wrote (citation):

From this publication onwards, the consumer confidence indicator is calculated according to a new composition. This revision covers the countries of the European Union (https://ec.europa.eu/info/sites/info/files/fcci_2019_01_en.pdf), aiming to improve the information content of the indicator in comparison with the reference series (private consumption of National Accounts). More information on this revision is available at the following document: https://ec.europa.eu/info/files/revised-consumer-confidence-indicator_en.

In response, we have:

  1. Archived the predecessor (September 1997 to December 2018), by renaming with an "_18" archive specifier, marking metadata as discontinued, and segregating in the catalog.
  2. Created replacement series with an unchanged start date. 

Active dataset properties:

  • Measurement: Balance of opinion (Bal. of opinion)
  • Seasonally adjustment: Not seasonally adjusted (NSA)
  • Geo coverage: Portugal
  • Native frequency: Monthly
  • Start date: September 1997

The series resides in the historical catalog (Portugal » Cyclical Indicators » Business and Consumer Surveys » Consumer) and is:

  • CI%CNFCSC_18UM.IPRT = [DISCONTINUED] Consumer survey: Confidence indicator, (Bal. of Opinion, NSA)
  • CI%CNFCSCUM.IPRT    = Consumer survey: Confidence indicator, (Bal. of Opinion, NSA)

Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.

Please be aware that

For the revised Eurostat consumer confidence indicator, the CCI is the arithmetic mean of the balance to four survey questions. For each question, the balance is the percentage of positive replies less the percentage of negative replies.


Related ReleaseBusiness and Consumer Confidence
SourceInstituto Nacional de Estatística - Portugal (Statistics Portugal)
Release DateReference date
02 Mar 2020Feb 2020