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June 05, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, April – Loans volumes are accelerating
Summing up, April’s banking data maintained the positive trend, while, Loans growth is accelerating, +8.1%YoY, above moving averages, o/w: Corporates: 4.9%YoY; Mortgages: 10.3% and Consumption & Other Purposes: 8.3%...
June 01, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - April's budget execution is now a defict of €1.5BnYtD
Government Debt, after deposits of public Administration, was almost flat in April(MoM) at €263Mn, while according to Maastricht definition (before deposits), increased roughly €3.9BnMoM to €287Bn, around 91.8% of GDP (target YE26: 87.5%)...
June 01, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – April retail sales, volumes, +4.0%YoY, o/w Food: -1.0% and non-Food: +8.7%....
All in all, non-food sales remain vibrant, +8.7%YoY; above moving averages, showing little impact of higher petrol prices, while Food is, apparently, adjusting, -1%YoY...
May 29, 2026
António Seladas, CFA
António Seladas, CFA
Portugal: April's job data – Unemployment rate remains historically, at low levels
Portugal: April’s job data – The job market in April improved, unemployment rate at 5.68% below moving averages, manly due to Active population keeps growing below Employed population
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