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November 14, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – 3Q25 gross earnings per employee increased on average 5.6%YoY nominal...
Summing up, average wage increases, over the 3Q25, 5.6%YoY; below 12MMA; meanwhile, September increase, 5.3%YoY, was the lowest figure since December 2022...
November 14, 2025
Antonio Seladas
Antonio Seladas
Portugal – October Coincident Indicators,remain upbeat, in line with the 3Q25..
Portugal – October Coincident Indicators continue to point to strong performance, the general Index, Economic Activity 2.2%, above moving averages and the Private Consumption index, 3.0%YoY (both, past data was reviewed upwards)...
November 12, 2025
António Seladas, CFA
António Seladas, CFA
October's CPI: Inflation consolidating below 2.5%
CPI Portugal final data – October’s CPI: 2.34%YoY, Core 2.15%; o/w - Services inflation, 3.82% and Goods: 1.28%. Services inflation keeps pushing prices upwards, while Goods inflation partially offset it.
November 03, 2025
António Seladas, CFA
António Seladas, CFA
Budget execution in September, only €611Mn above last year
Quick Comment: the budget execution, keeps performing, surplus on a cash basis +€6.3Bn YtD (until September), however only +€611Mn above September 2024...
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