The consumer confidence index in Portugal inched lower in January of 2026 to -14.7 from the one-year high of -14.5 in the previous month, marking the first deterioration in pessimism since September of the previous year. Consumers noted a higher uncertainty on their financial balances (-23.2 vs -23 in December 2025), denting consumers' expectations on their financial situation in the upcoming year (-1.9 vs -1.5). Additionally, pessimism increased for expectations on the country's economic situation in the upcoming year (-22.5 vs -21.6).