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July 04, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, May – Loans are growing sequentially, while NIM proxy is almost flat on a quarterly basis, so positive news to the banking industry in the 2Q25…
Summing up, demand on Consumer Loans and Mortgages remains strong, 5.6%YoY and 6.7%; respectively; above moving averages, meanwhile Corporate Loans demand is also improving, +1.1%YoY/+0.3%QoQ...
July 03, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – DEI’s average 2Q25tD: -0.4%YoY; remains negative
Summing up, DEI’s average data remains on negative territory, 2QtD: -0.4%YoY vs. -0.3% the week before. Data has been ambiguous, as other data, namely retail sales, indicates a stronger quarter.
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%.
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