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July 27, 2021
António Seladas, CFA
António Seladas, CFA
June’s Government data outperformed for the second month in a row
June’s data surprised on the upside, Revenues plus 49%YoY (VAT +62%YoY) while expenditures +5.6%YoY. The deficit is now €7.06Bn YTD; only €149Mn above last year performance.
July 22, 2021
António Seladas, CFA
António Seladas, CFA
June Private Consumption Indicator increasing at levels not seen for the last 20 years
Coincident indicators, in June, accentuated recovery, with Private Consumption recording the best performance since 2000.
July 20, 2021
António Seladas, CFA
António Seladas, CFA
May figures continue to improve. The Trade deficit increased for the first time in 13 months
External accounts in May maintain the positive trajectory, specifically the external accounts of tourism, even though the Balance of Goods has deteriorated for the first time since April 2020.
July 12, 2021
António Seladas, CFA
António Seladas, CFA
June’s inflation came down, even that some categories continue to increase prices at a faster pace
The price level in June slowed down, however, some subclasses, regardless of the economic cycle, maintain an intense pace of increase, as is the case of “rents” and “eating out” which show a structural upward trend.
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