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March 03, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – January retail sales, volumes, +6.2%YoY, o/w Food: +7.7% and non-Food: +5.0%
Summing up, strong retail sales data in January, +6.2%YoY; o/w Food: +7.7% and on-Food: +5%; above moving averages...
February 28, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – DEI remains weak...
Summing up, the 1Q25tD DEI average, 1.0% vs. 1.4% the week before, remains clearly on the weak side. However, as we explained before, the base effect is impacting DEI’s performance, so we expect 1Q25GDP to outperform the DEI, currently at 1.0%
February 20, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – DEI remains weak...
Summing up, the DEI 1Q25tD average, 1.4% vs. 1.3% the week before. Data remains weak, however, there is a base effect that limits DEI’s performance (similar to the 4Q24), so, over the current quarter, the GDP should outperform the DEI.
February 19, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – December External data...
Summing up, external figures kept in December the positive trend, Current Account Balance, surplus 2.2% of GDP last 12 months, slightly above moving averages...
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