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October 06, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, August – the banking environmnet remains positive, but...
Portuguese Banking Industry, August – The NIM keeps performing in the quarter, nevertheless individual Time Deposit volumes grew only 3.7% YoY in August, below moving averages and the lowest figure since early 2024…
October 05, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - August's Government debt continued to outperform
Government Debt, in August, before deposits of public Administration, -104bpYoY/-20bpMoM to €285.6Bn, 89.0% of GDP (LTM), and after deposits €260.6Bn, +42bpYoY/-57bpMoM. Debt before deposits outperformed, went down 20bp MoM or roughly €558Mn. The positive performance should continue until year end, mainly due to lower deposits, as budget execution points to a small surplus. So, debt Government’s initial target of 87,5% of GDP at YE26, should be reached or surpassed.
September 30, 2026
António Seladas, CFA
António Seladas, CFA
Portugal: August’s job data – The job market in August remained robust...
Summing up, the job market in August remained robust, unemployment rate close to record low levels, while Employed population keeps growing above Active population...
September 30, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - August retail sales, volumes, +3.1%YoY, o/w Food: -1.2%
Quick Comment: Portuguese Economy – August retail sales, volumes, +3.1%YoY, o/w Food: -1.2% (nominal +1.8%) surprised…
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