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June 12, 2026
António Seladas, CFA
António Seladas, CFA
CPI Portugal final data
Inflation data is consolidating around 3MMA, which is positive. Apparently the second order effects are under control, while the slightly tightening bias regarding the monetary policy is positive.
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...
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