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September 12, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator and Coincident Indicators – The economy has lost steam over the quarter
An economic slowdown over the 3Q24, despite higher real salaries and lower interest rates. Apparently, the 2H24 should underperform the 1H24 (+1.5%), as the quarter has been losing steam.
September 11, 2024
António Seladas, CFA
António Seladas, CFA
CPI Portugal – August’s CPI, +1.86%YoY and Core +2.37%... Services +3.6% remain a source of pressure
Inflation and core inflation, 1.86%YoY and 2.37%YoY; respectively; in line with preliminary data. Core data is resilient at 2.4%, mainly due to Services, +3.56%YoY/+60bpMoM, is a source of pressure.
September 05, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator – August improved, nevertheless the momentum remains weak
DEI was reviewed slightly up on the quarter, 3.2% vs. 3.1% the week before and 2.9% two weeks ago; as July was reviewed upwards, while August was adjusted downwards.
September 03, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, July – Deposits keep growing above Loans,
Deposits keep growing (+5.19%YoY) above Loans, even so Loans are already growing on an yearly basis(+0.3%YoY), mainly because Consumer Loans (+3.3%YoY) and Mortgages (+0.5%YoY),
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