June 06, 2024
António Seladas, CFA
Portugal – DEI – May remains on the weak side and the 2Q24 below the 1Q24 on an yearly basis
Summing up: The DEI, weekly average, released today points to May: 4.2% vs. 4.7% the week before and almost flat over the quarter at 4.3% (April was reviewed upwards). The economy lost momentum in May and seems weaker on an yearly basis vs. the 1Q24.



June 05, 2024
António Seladas, CFA
Portuguese Banking Industry; April – Deposits keep growing above Loans.
In April liquidity in the industry remains abundant, the ratio Loans/Deposits is at all-time low, 0.826x; even so the sector keeps overpaying by time deposits



June 03, 2024
António Seladas, CFA
Portuguese Economy: Budget execution and Debt over the 1Q24 under presssure
The budget execution remains poor, deficit on a cash basis in April €1.9Bn YtD and the worst performance on an annual basis (-€3Bn vs. April/23YtD), at least over the last 15 years (excluding 2021, due to Covid19).



May 31, 2024
António Seladas, CFA
Daily Economic Indicator – The Portuguese economy over the 2Q24 seems less volatile vs. the 1Q24, ho
The DEI, weekly average, released today points to May: 4.7% vs. 5.2% the week before and almost flat over the quarter at 4.4% (April was reviewed slightly upwards).



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