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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...
October 30, 2025
Antonio Seladas
Antonio Seladas
Portuguese Economy - September Retail sales: +5.8%YoY; o/w Food +2.9%YoY and Non-Food: +8.3% ...
Summing up, Retail Sales in September, volumes: +5.8%YoY, in line with moving averages, o/w, Food: +2.9% and non-Food +8.3%. Data remains robust, mainly Non-food items, Clothes, Computers, Pharma products…
October 29, 2025
Antonio Seladas
Antonio Seladas
Portugal: Septmber's job data – The job market remais balanced, between Active and Employed population ...
Summing up, the job market in September remained strong, both Active population and Employed population reached record levels in line with the trend observed in recent quarters...
October 21, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – August External data – Current Account surplus still positive, but the trend is negative
All in all, Current Account Balance, in August, remains positive, surplus 1.4% of GDP (last 12 months), however Services surplus is showing signs of saturation...
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