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July 27, 2022
António Seladas, CFA
António Seladas, CFA
June’s Government budget continues to benefit from strong nominal growth
June Government budget execution remains positive, as for the last 12 months the cash deficit in percentage of GDP is just 0.6%, while for the year (2022), we are recording a surplus of €1 113Mn YtD vs. a deficit of €7 316Mn in 1H21.
July 21, 2022
António Seladas, CFA
António Seladas, CFA
June’s Economic Coincident indicator remains close to the top, showing a very resilient economy
The BoP (Bank of Portugal) has just released June’s Economic Activity Coincident Indicator (EAI) and Private Consumption Coincident Indicator (PCI).
July 20, 2022
António Seladas, CFA
António Seladas, CFA
The Current account deficit continues to increase despite strong performance of the Travel Account
The Bank of Portugal has just released May External figures.
July 12, 2022
António Seladas, CFA
António Seladas, CFA
June’s CPI data remains high, namely Energy and Food
June’s CPI data remains high, namely Energy and Food, however MoM Core inflation and Services inflation are stabilizing
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