Fundos imga




May 15, 2026
António Seladas, CFA
Portugal – April Private Consumption Indicator adjusted sharply
Portugal – April Coincident Indicators adjusted, namely Private Consumption, +2.2%YoY; well below moving averages and the weakest figure in more than three years. Meanwhile, the DEI (Daily Economic Index), 2QtD (average) at 0.5%...
Portugal – April Private Consumption Indicator adjusted sharply



May 13, 2026
António Seladas, CFA
April's CPI: Headline at 3.4%, but Core data at 2.2%
CPI Portugal final data – April CPI: 3.4%YoY/135bpMoM, above moving averages, however Core inflation data remains soft, at 2.2%YoY, slightly above moving averages...
April's CPI: Headline at 3.4%, but Core data at 2.2%



May 05, 2026
António Seladas, CFA
Portuguese Economy - March's budget execution remained on the weak side
Government Debt increased in March €471Bn MoM to €283.2Bn; around 91.1% of GDP (target YE26: 87.5%), in line with 3MMA and below 12MMA. Meanwhile, the budget execution in March (YtD), surplus €209Mn, roughly -€1,399Mn than in Mar/25...
Portuguese Economy - March's budget execution remained on the weak side



May 04, 2026
António Seladas, CFA
Portuguese Economy - March Retail sales volumes: +7.4%YoY; o/w Food +3.8% and non-Food: 10.6
Summing up, Retail Sales in March, volumes (without service stations and car sales):+7.4%YoY; o/w, Food: +3.8%, and non-Food +10.6%. Surprisingly strong data, namely non-food data, however, February non-food data was revised downwards...
Portuguese Economy - March Retail sales volumes: +7.4%YoY; o/w Food +3.8% and non-Food: 10.6



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