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October 03, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – August and September offset a poor July
The average DEI has improved over the month, +2.7%YoY vs. +1.6% the week before and +3%QtD vs. 2.7% the week before. August and September offset a weaker July, even so the quarter performance is slightly smaller than the 2Q24, so it probably means ..
October 02, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, August – Deposits growth continue to outperform Loans growth...
Summing up, in August, Deposits continue to perform (6.05%YoY) above moving averages, namely Individuals deposits, +7%YoY; while Loans remain depressed, +0.6%YoY, nevertheless Mortgages +1.2%YoY are gaining momentum and Consumer Loans (+3.8%YoY) rema
October 01, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Budget execution in August underperforms again
Quick Comment: The budget execution underperformed in August in line with past months but July, as Revenues (+7.5%YtD) are underperforming (IRS: -1.9%YtD and VAT: -1.3%YtD) but IRC (+26%YtD) and Social Security contributions (+9.7%YtD)...
October 01, 2024
António Seladas, CFA
António Seladas, CFA
Portugal: August’s job data – Unemployment rate flat at 6.4%; while Active and Employed population..
Hhe job market in August remains stable at strong levels, Active and Employed population are close to record levels, while the unemployment rate at 6.4%, remains at...
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