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February 03, 2025
António Seladas, CFA
António Seladas, CFA
Public Debt and Budget execution in 2024 - Mixed performance
Quick Comment: Government Debt and Budget execution in 2024 - Structural expenditures continued to increase in 2024 (salaries: 7.9%YoY and Current Transfers: +12.6%)...
January 30, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator January...
Summing up, the Euro Area ESI recovered slightly in January from a very low figure in December, even so data remains in line with weak moving averages...
January 29, 2025
António Seladas, CFA
António Seladas, CFA
Portugal: December’s job data...
Summing up - the job market finished the year at record levels, Employed Population above 5.1Mn and Active Population close to 5.5Mn. Meanwhile, unemployed people (the difference) remains stable at 352 000; and unemployment rate, 6.4%...
January 28, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – December retail sales, volumes, +6.0%YoY, o/w Food: +4.0% and non-Food: +7.5%
Summing up, strong retail sales data in December, as was the case of October and November, +6.0%YoY o/w Food: +4.0% and Non-food: 7.5%; above 12MMA. Consumers kept a strong pace over the 4Q24, leveraging on lower interest rates, high real salaries...
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