Business confidence in Portugal held steady at 2.6 in April 2026, unchanged from March and remaining near its lowest levels since mid-2025. Sentiment deteriorated among manufacturers (-2.7 vs -2.4), wholesalers (2.3 vs 2.4) and retailers (3.9 vs 4.0), while improving in construction (2.9 vs 2.6) and services (6.2 vs 5.0).