Portugal

CIP/ISEG barometer predicts economy slowing in the third quarter

Read full article at source ↗

Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 28/10/2026, 08:11:24 UTC.

Briefings

Portuguese economic growth slowed to 0.3% in the third quarter and 2.5% in the same period, according to the CIP/ISEG barometer. This represents a significant slowdown from the 2.0% growth recorded in the second quarter, with the CIP attributing the decline to reduced private consumption due to higher fuel and financing costs. The director-general of the CIP warned of worsening industrial production, particularly in the automotive sector, and forecast investment difficulties in 2027. The organization expects growth to rebound in the fourth quarter, supported by pension supplements and tax reductions.

Key points

• The CIP/ISEG barometer reported a 0.3% slowdown in the third quarter and a 2.5% slowdown in the same period compared to the previous quarter.
• The CIP director-general Rafael Alves Rocha warned of worsening industrial production, specifically noting a 3.8% decline in industrial output in August.

Context

The CIP/ISEG barometer is the primary economic indicator for Portugal, released weekly. This update highlights a sharp deceleration in economic activity, with the CIP explicitly linking the slowdown to higher fuel and financing costs affecting private consumption.

Limitations

The report covers only the third quarter and the same period of the previous quarter. Forecasts for 2027 and the fourth quarter are based on assumptions about pension supplements and tax reductions, which may not materialize. The CIP explicitly states it does not foresee investment accelerating as previously planned, leaving future investment levels uncertain.

Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 28/10/2026, 08:14:23 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.

View archived briefing on IPFS
bafybeigo4ld5y7equ74ssji7vggh2uyg6ifuusp7rrpiaelg3xehvq2m6e