Companies are more confident in exports, but not enough to surpass 2019 sales


Companies in Portugal are more confident about exports of goods this year. Even so, if businessmen's expectations are confirmed, the sale of goods abroad will still be more than 10% below 2019.

Companies in Portugal are more confident about their ability to export goods this year: they believe they will sell 7.2% more than last year. Still, even if these expectations are confirmed, exports will still be 10.6% below pre-pandemic values. The data was published this Monday, July 12, by the National Institute of Statistics (INE).

Businessmen's expectations were updated in May, compared to the first forecasts that had been collected in November last year. As explained by INE, the results of this second assessment show expectations of a 7.2% increase in exports of goods this year, when compared to 2020. Companies expect increases of 7.5% in exports to non-EU countries, and 7% to the European Union markets.

Source: Jornal de Negócios