October 21, 2025
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...



October 17, 2025
Antonio Seladas
Portugal – September Coincident Indicators keep pointing to strong Consumption...
Portugal – September Coincident Indicators continue to point to strong Private Consumption, 2.9%YoY, while the general index, Economic Activity, 1.8%YoY remains less strong…



October 10, 2025
António Seladas, CFA
September's CPI: Services inflation slowed down to 3.6%
CPI Portugal final data – September’s CPI: 2.40%YoY, Core 1.97%; o/w - Services inflation, 3.56% and Goods: 1.55%. Services inflation adjusted, so positive news. Finally, Telecommunications prices are coming down (-1.41%YoY/-126bpMoM)...



October 02, 2025
António Seladas, CFA
Portuguese Banking Industry, August...
Summing up, August’s banking data was in line with the recent quarters, time deposits interest rates coming down...



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