Portuguese family consumption levels resist the Iran war shock in the first half of the year

Portuguese family consumption levels resisted the Iran war shock during the first half of the year, according to an indicator that has contradicted slowdown forecasts. The prolonged uncertainty scenario and rising inflation did not negatively impact consumer behavior as expected. This surprising performance occurs in a period marked by geopolitical tensions related to the Iran conflict. The resistance of the consumption indicator suggests an unexpected resilience of the Portuguese domestic economy in the face of adverse external factors.