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December 20, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – October External data – Travel revenues growing at lower rates
Summing up, the positive trend at external figures was kept in October, Current Account surplus, 2% of GDP last 12 months, above moving averages. The deficit at Goods balance is stabilizing below 9% of GDP, while the Surplus at the Services...
December 20, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator and Coincident Indicators...
Summing up, the economy remains volatile when growth is measured on a yearly basis, strong October followed by a weaker November, while December is improving. Even so, the quarter should perform in line with past quarters…
December 12, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator and Coincident Indicators...
Summing up, the economy continues to perform over the 4Q24, mainly consumption, the Private Consumption Indicator, released today by the BoP, points to +3%YoY in November, above moving averages. Meanwhile, the DEI, also released today is ...
December 11, 2024
António Seladas, CFA
António Seladas, CFA
CPI Portugal – November’s CPI: +2.5%YoY and Core +2.6%; consolidating at current levels
Summing up, headline inflation and core inflation are consolidating at current levels, 2.5% and 2.6%, respectively. Meanwhile Services inflation at 4.3%YoY continues to push up headline data, while Goods inflation at 1.2%; partially...
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