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January 13, 2026
António Seladas, CFA
António Seladas, CFA
December's CPI: Services inflation at 3.9%, remains high
Quick Comment: CPI Portugal final data – December’s CPI: 2.19%YoY (Core 2.05%), o/w - Services inflation 3.86%; in line with moving averages and Goods inflation 0.98%; below moving averages...
January 08, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator, December...
Summing up, the Euro Area ESI in December, went slightly down -40bpMoM, to 96.7; even so above the 12MMA and just slightly below the 3MMA...
January 07, 2026
António Seladas, CFA
António Seladas, CFA
Portugal: November’s job data – The unemployment rate reaches a new low 5.67%...
Summing up, the job market in November remained robust, unemployment rate 5.67% (-17bpMoM), a record low, since February 2002 and Employed rate, 65.8%, a record figure...
January 06, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, November – Loans volumes keep growing, which bodes well for the NII…
Summing up, November’s banking data confirms that time-deposit interest rates on new individual deposits were flat monthly, average 1.37%; the second month in a row, while Interest rates on new Loans and Loans on stock are still coming down....
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