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December 05, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – October surprised, however November is underperforming
Summing up, October was definitely stronger than expected, the DEI was reviewed upwards to 7.4%YoY, above average figures; meanwhile November remained on the weak side, +1,9% and finally, December, faces a high base effect...
December 05, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, October...
Summing up, in October Deposits continued to outperform, +7.2%YoY/+1.1%MoM; while total Loans are starting to perform, 1.4%YoY/0%MoM, namely “Mortgage Loans” +2.3%YoY and “Consumer and Other Purposes Loans” +4.1%YoY. Meanwhile, interest rates...
December 03, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Debt, Maastricht defintion in October 96.1% of GDP...
Quick Comment: Debt performance in October, Maastricht definition, €269.8Bn, -88bpMoM, +18bpYoY and €96.1% of GDP (target YE24: 94.5%), Deposits went down €5.1BnMoM and explains the monthly improvement....
December 02, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – October retail sales, volumes +7.2%YoY, o/w Food: +8.2% and non-Food: +6.3%
Summing up, strong retail sales data in October, food and non-food and in line with other data, namely the DEI that also outperformed in October. Meanwhile, November seems weaker.
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