...
December 12, 2025
António Seladas, CFA
António Seladas, CFA
November's CPI: Services inflation at 3.5%, surprised...
CPI Portugal final data – November’s CPI: 2.21%YoY (Core 1.90%) o/w - Services inflation, 3.57% below moving averages and Goods: 1.23%, in line with 12MMA. Services inflation adjusted and contributed to lowering the pricing pressure...
December 03, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, October – Slightly higher interest rates...
Summing up, October’s banking data was slightly different than the recent trend, as time-deposits interest rates slightly increased (I assume saving certificates remunerating above 2%, should create pressure)...
December 02, 2025
António Seladas, CFA
António Seladas, CFA
Budget surplus, cash basis, should finsih the year between €2Bn and €3Bn positive
Quick Comment: the budget execution, keeps performing, surplus on a cash basis +€4.1Bn YtD (until October) and roughly +€830Mn above October 2024...
December 02, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - October Retail sales volumes: +4.7%YoY; o/w Food +5.0%YoY
Summing up, Retail Sales in October , volumes: +4.7%YoY, remained strong even so below moving averages; o/w, Food: +5.0% above 3MMA and non-Food +4.4%, below moving averages...
See More
