FAST Indicator falls in Portugal

The FAST® (Financial Analyst’s Survey Trend) Indicator, which combines macroeconomic and sector expectations over the next six months, declined in July in Portugal to 43.2, erasing almost fully the gains of the last couple of months. In Spain, the indicator remained broadly stable around 37.

The main reason for the decline in Portugal is the political turmoil of the last few weeks. The indicator should recover as the remodelled Government settles in.