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May 28, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: ESI in May improved from abormal low levels
Portuguese Economy: ESI, as expected, improved in May from abnormal low level in April, Consumer Confidence and Services have recorded the main swings…
May 21, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – March External data – Surplus at Travel Balance surprised, +7.2%YoY...
In a nutshell, external data in March, kept the smooth downwards trend, Current Account surplus at 0.9% of GDP (LTM), slightly below moving averages....
May 18, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – 1Q26 salaries +5.2%YoY; smoothly adjusting
Summing up, average wage increases, over the 1Q26, 5.2%YoY; below 12MMA, 5.6%; meanwhile, March increase, 5.0%YoY, was the lowest figure since December 2022. Real wages remained close to 3%; however last inflation data is impacting real wages...
May 15, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – April Private Consumption Indicator adjusted sharply
Portugal – April Coincident Indicators adjusted, namely Private Consumption, +2.2%YoY; well below moving averages and the weakest figure in more than three years. Meanwhile, the DEI (Daily Economic Index), 2QtD (average) at 0.5%...
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