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March 31, 2022
António Seladas, CFA
António Seladas, CFA
Strong retail sales data in February, however from March onwards figures should slow down sharply
The Portuguese Statistic Institute (INE) has just released, February’s Retail Sales data.
March 30, 2022
António Seladas, CFA
António Seladas, CFA
The job market is becoming too hot, which is not positive in terms of inflation
The INE (Portuguese Statistic Institute) has just released February’s labour market figures, namely rate of unemployment, Under utilization rate, Employed population and Underutilization population.
March 30, 2022
António Seladas, CFA
António Seladas, CFA
March’s data on the weak side, mainly due to weak Consumer Confidence figures
The European Commission has just released, March’s monthly data surveys, concerning the Euro Area (EA) and countries breakdown, namely Portugal.
March 28, 2022
António Seladas, CFA
António Seladas, CFA
February’s Government data repeated January’s strong performance
February’s government data was positive. The base effect is very favourable, as January and February last year the economy was mainly in lockdown due to Covid-19, however from March onwards, the base effect is less favourable.
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