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April 26, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator – The DE has remained on the weak side
The DEI remained weak in the second and third week of April (negative growth), after the Easter effect adjustments, which could mean a change on the underlying growth trend in the Portuguese economy.
April 18, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The economy lost momentum in April
The Economic Activity Coincident Indicator, just released, in March slightly adjusted, +2.2%YoY vs. 3MMA: +2.3%, however Private Consumption increased +2.6%YoY vs. 3MMA: +2.4%.
April 18, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – February External figures – Services/Travel continue to perform
The Current Account Balance is consolidating in positive territory, +1.7% of GDP, last 12 months, record data, not just because Goods Balance is less negative, -9.1% of GDP, better than moving averages
April 11, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator – The DEI is adjusting but is mainly the Easter effect
The DEI, Daily observations and Weekly moving average, outperformed over the end of March and is now underperforming, but is mainly the Easter effect (last year, the Easter was April 9), as the DEI doesn’t adjust holydays.
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