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July 03, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, May – The sector keeps protecting the NIM...
Summing up, the banking sector keeps protecting the NIM, basically the Sector increased interest rates on Corporate Loans, the average figure to new loans increased 14bpMoM to 3.92% in May and Corporate Loans stocks increased 6bpMoM to 3.90%...
July 01, 2026
António Seladas, CFA
António Seladas, CFA
Portugal: May's job data – Employed population reached a record figure
Summing up, the job market in May strongly improved, Employed Population reached new highs, growing 2.8%YoY/+36bpMoM above the Active population performance, so unemployment rate went down to 5.54%; clearly below moving averages...
June 29, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: ESI in June improved, the second month in a row
Summing up, the Euro Area ESI (Economic Sentiment Indicator) and Portuguese data, improved in June, the second month in a row, mainly Services and Consumer confidence in EU and Consumer Confidence in Portugal, as industry remains in the doldrums...
June 29, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - May retail sales, volumes, +4.7%YoY, o/w Food: +2.4%
All in all, Retail sales data, volumes +4.7%YoY, below moving averages points to some weakness, namely non-Food, +6.7%YoY (Food: +2.4%YoY). However, retail sales, volumes growing around mid-single digit, after strong oil price increase and slightly..
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