February 28, 2022
António Seladas, CFA
January’s Government data surprised on the upside, while Expenditures were almost flat YoY
January’s government data was quite strong, mainly due to revenues growth, while Expenditures growth were slightly negative YoY.



February 28, 2022
António Seladas, CFA
January’s non-food retail sales data was quite strong benefiting from the favourable base effect
January’s non-food retail sales data was quite strong benefiting from the favourable base effect



February 21, 2022
António Seladas, CFA
Portugal December External figures
Current Account is becoming negative in a recurrent way



February 17, 2022
António Seladas, CFA
Portuguese Economy
Consumption is slowing down, however other variables are offsetting it



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