Portugal's business confidence sinks in May, glimmers of recovery

LISBON (Reuters) - Portugal's headline business and consumer confidence indicators based on a three-month moving average fell sharply in May, but monthly data pointed to a recovery as the country lifted its coronavirus lockdown.The National Statistics Institute (INE) said on Thursday the main economic climate indicator fell to -3.2 this month from -0.7 in April, while its consumer confidence indicator dropped to -29.1 from -21.0.Discounting three-monthly figures and looking at the straight..