...
July 18, 2025
António Seladas,
António Seladas,
Portugal – May External data – Travel Account surplus is stabilizing
All in all, the deficit at Balance of Goods keeps increasing (+10.7%YoY in May and -9.3% of GDP), because of a strong domestic demand, despite Fiscal revenues are also outperforming...
July 17, 2025
Antonio Seladas
Antonio Seladas
Portugal – DEI’s average 2Q25, +1%YoY; is consolidating in positive territory
Summing up, DEI’s 2Q25 average data, was reviewed upwards again and is now consolidating in positive territory +1.0% vs. +0.8% in the prior week, even so still below past quarters...
July 04, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, May – Loans are growing sequentially, while NIM proxy is almost flat on a quarterly basis, so positive news to the banking industry in the 2Q25…
Summing up, demand on Consumer Loans and Mortgages remains strong, 5.6%YoY and 6.7%; respectively; above moving averages, meanwhile Corporate Loans demand is also improving, +1.1%YoY/+0.3%QoQ...
July 03, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – DEI’s average 2Q25tD: -0.4%YoY; remains negative
Summing up, DEI’s average data remains on negative territory, 2QtD: -0.4%YoY vs. -0.3% the week before. Data has been ambiguous, as other data, namely retail sales, indicates a stronger quarter.
See More
