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August 26, 2021
António Seladas, CFA
António Seladas, CFA
Loans and Deposits grew, for the second month in a row at a slightly slower pace.
Volumes, Loans and Deposits, continue to grow but, for the second month in row, at a slightly slower pace. Meanwhile, Overdue Loans ratios remains historically at low levels, even so it should go down a little further by September, when the moratoriu
August 26, 2021
António Seladas, CFA
António Seladas, CFA
July’s Government data outperformed for the third month in a row
July’s data surprised on the upside for the third month in a row, Revenues plus 26% YoY (VAT +32%YoY) while expenditures +0.8%YoY. The deficit is now €6 840Bn YtD; €1 631Mn below last year performance.
August 19, 2021
António Seladas, CFA
António Seladas, CFA
July Private Consumption Indicator is increasing at record levels
Coincident Indicators, in July, continued to recover, with Private Consumption registering record growth, much higher than the Economic Activity Indicator.
August 18, 2021
António Seladas, CFA
António Seladas, CFA
Revenues from Travel are improving, however Trade balance is deteriorating
External accounts in June maintain a positive trajectory in tourism revenues, however the Balance of Goods deteriorated for the second consecutive month, with a negative impact on the Current Balance.
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