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July 29, 2021
António Seladas, CFA
António Seladas, CFA
Economic Sentiment Indicator – July’s data underperformed
The European Commission has just released, July’s monthly data surveys, concerning the Euro Area and its countries, namely Portugal.
July 27, 2021
António Seladas, CFA
António Seladas, CFA
Loans and Deposits grew at a slower pace in June, while Overdue Loans ratios are at very low levels
Summing up a small deceleration in Loans and Deposits vs. the recent past of strong growth, even so too early to draw conclusions.
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.
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