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November 13, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – 3Q26 salaries +5.18%YoY; less than 1.5% above inflation
Portugal – 3Q26 gross earnings per employee increased on average 5.18%YoY nominal. The 5% increase remains a psychology level, however less than 1.5% premium over inflation, the smaller figure since April 2023…
November 11, 2026
António Seladas, CFA
António Seladas, CFA
Portugal - October CPI: 3.80%YoY; o/w Services: +4.69%YoY
CPI Portugal final data – October CPI: 3.80%YoY/Core inflation 2.79%YoY; slightly above preliminary data. Upwards pressure on prices is mainly due to Energy, +17.38%YoY/+147bpMoM, however Services inflation at 4.69%YoY...
November 03, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – September retail sales, volumes, +0.3%YoY, o/w non-Food: -0.6%; surprised
All in all, Retail sales data, volumes +0.3%YoY, below 12MMA moving averages, o/w non-Food, -0.6%YoY below moving averages and Food sales +1.4% (nominal +4.9%), above 3MMA...
November 02, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - September's budegt execution outperformed
Government Debt, in September, before deposits of public Administration, -332bpYoY/-26bpMoM to €284.8Bn, 88.4% of GDP (LTM), and after deposits €257Bn, +60bpYoY/-136bpMoM...
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