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May 28, 2021
António Seladas, CFA
António Seladas, CFA
April Non-food retail sales data +46%YoY
The Portuguese Statistic Institute (INE) has just released, April Retail Sales data.
May 27, 2021
António Seladas, CFA
António Seladas, CFA
April’s Government data underperformed, mainly on the revenue side
April’s data underperformed, namely in the revenue side, even that was mainly due to the base effect; April’s revenues last year were still higher, while the IRS reimbursements were anticipated this year. Meanwhile, on the expense side the government
May 20, 2021
António Seladas, CFA
António Seladas, CFA
April Coincident Indicators disappoint
April’s data remains on the north direction, even so still negative YoY; which means that the pace of the recovery is mild; as the base effect from April onwards should be helping.
May 19, 2021
António Seladas, CFA
António Seladas, CFA
March Trade balance keeps outperforming
External figures keep outperforming, namely the Trade balance.
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