...
July 01, 2025
António Seladas, CFA
António Seladas, CFA
Budget execution in May keeps improving, however...
A strong performance of budget execution, surplus +€597MnYtD (until May) vs. a deficit of €2.5Bn in 2024 (until May)...
July 01, 2025
António Seladas, CFA
António Seladas, CFA
Portugal: May's job data – The job market stabilizerd at record levels...
Summing up, the job market in May stabilized at record levels, while Active population and Employed population keep growing in tandem, close to 2.5%YioY; so, stabilizing the unemployed people close to 350 000 and unemployment rate at 6.3%.
July 01, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – May retail sales, volumes, +5.5%YoY, o/w Food: +5.2% and non-Food: +5.8%. Posit
Summing up, Retail Sales in May volumes: +5.5%YoY, above moving averages o/w, Food: +5.2% and non-Food +5.8%. Strong sales data in May, in sharp contrast with other measures of economic activity that point to a weaker quarter. Nevertheless, positive
June 27, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: ESI in June was, again, boosted by Services...
Summing up, the Euro Area ESI in June went down again to 94, below moving averages and close to recent lows. Industry remains in the doldrums, -12; also, below moving averages and close to recent lows...
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