...
September 18, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – July External data – Travel Surplus flat YoY
Quick Comment: Portugal – July External data – Travel surplus flat YoY, the positive performance of the Tourism sector is coming to an end…
September 18, 2026
Source: INE, BoP, AS Independe
Source: INE, BoP, AS Independe
Portugal – August Coincident Indicators kept surprisng
Quick Comment: Portugal – Coincident Indicators, remained surprisingly strong in August, Economic Activity, +2.5%YoY, above moving averages, and Private Consumption +3%YoY, above 3MMA...
September 10, 2026
António Seladas, CFA
António Seladas, CFA
August Core CPI at 2.6%YoY; remains restrained.
CPI Portugal final data – August CPI: 3.30%YoY/+3bpMoM and Core inflation 2.64%YoY/-13bpMoM, in line with preliminary data. Services inflation 3.95%YoY, is slightly below 3MMA...
September 03, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, July – The NII should continue to outperform in the quarter...
Summing up, the banking environment remains cosy. NIM is stable at comfortable levels, as time deposits remuneration are slowly increasing offsetting higher interest rates on Loans due to higher Euribor’s...
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