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May 05, 2026
António Seladas, CFA
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...
May 04, 2026
António Seladas, CFA
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...
April 30, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: ESI in April adjusted, two months in a row
Summing up, the Euro Area ESI (Economic Sentiment Indicator), as expected, adjusted in April, -320bpMoM and Portugal: -310bpMoM; both mainly due to lower Consumer Confidence, as the Middle East war and higher petrol prices are impacting...
April 29, 2026
António Seladas, CFA
António Seladas, CFA
Portugal: March's job data – Almost flat with February
Summing up, the job market in March was almost flat with February, unemployment rate 5.83% +3bpMoM, so up to now the storms in February and the Iran war, started in March, has had no impact in the job market. Nevertheless, apparently...
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