Portuguese consumer confidence reached a 13-year high in March, the Portuguese National Institute of Statistics (INE) said on Monday.

INE’s consumer confidence index rose from -21.2 in February to -19.2 in March, marking its highest level since April 2002.

The consumer confidence indicator rose due to “the positive contribution of all the components, stronger in the case of expectations relating to the evolution of unemployment,” according to INE.

“Portuguese families prove to be more positive about the country’s economic situation,” it added.

The Bank of Portugal recently upgraded its economic forecast for the country, predicting gross domestic product to grow 1.7 percent this year and 1.9 percent in 2016.