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November 07, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – October, according to the DEI, outperformed
Summing up, October was, according to the DEI a strong month, +6.6%YoY, clearly above past data. Meanwhile, the first days of November were weaker.
November 05, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Budegt execution outperformed in September
Debt performance in September, Maastricht definition, €272Bn, -54bpMoM, -238bpYoY and €97.4% of GDP is mainly the result of the September’s budget execution, surplus, on a cash basis, €5.2Bn and €5.7Bn YtD, roughly -€1.6Bn vs. 2023. IRS: +1.1%YtD...
October 24, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – 3Q24 data was reviewed strongly upwards
Summing up, past data was reviewed upwards, namely 3Q24 +4.7%YoY (3.4% before) and is now above the 2Q24; so seems fair to expect 3Q24 GDP to grow in line or above the 2Q24 (+1.6%)...
October 18, 2024
António Seladas, CFA
António Seladas, CFA
The economy outperformed in August, however seems to be mainly Consumption
August was the best month of the 3Q24. Meanwhile, the Coincident Indicators released point to stronger consumption over the quarter.
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