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December 23, 2025
António Seladas, CFA
António Seladas, CFA
Housing Market Portugal 3Q25 – Prices +17.7%YoY/+4.1%QoQ and volumes +4.7%YoY/-0.1%QoQ. Non-Residents are roughly 5% of the market…
Summing up, the housing market reached a new record 3Q25, Prices +17.7%YoY/+4.1%QoQ; while volumes +4.7%YoY/-0.1%QoQ, remain strong but below moving averages....
December 19, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – October External data – The surplus at the Current Account remains intact
In a nutshell, external data in October kept the positive trend, surplus at Current Account, 1.4% of GDP (last 12 months), o/w Goods account Balance deficit 9.6% of GDP and Services surplus, 11.1% (Travel 7.2% of GDP) ...
December 19, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – November Coincident Indicators,continue to outperform...
Portugal – November Coincident Indicators continue to outperform. Private Consumption, 3%YoY, shows no signal of slowdown, while the general index, Economic Activity, +2.3%YoY, above the moving averages, shows other sectors are improving.
December 12, 2025
António Seladas, CFA
António Seladas, CFA
November's CPI: Services inflation at 3.5%, surprised...
CPI Portugal final data – November’s CPI: 2.21%YoY (Core 1.90%) o/w - Services inflation, 3.57% below moving averages and Goods: 1.23%, in line with 12MMA. Services inflation adjusted and contributed to lowering the pricing pressure...
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