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March 06, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – DEI remains weak, average 1.1%QtD...
Summing up, the 1Q25tD DEI average, 1.1% vs. 1.0% the week before, remains on the weak side. However, as we explained before, the base effect is impacting DEI’s performance, so we expect 1Q25GDP to outperform the DEI, currently at 1.1%.
March 05, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, January – The sector keeps trying to postpone the margin adjustment
Summing up, Deposits continue to grow (7.38%YoY/+34bpMoM), despite lower remuneration rates (average time deposit interest rates: -15bpYoY/-9bpMoM)...
March 03, 2025
António Seladas, CFA
António Seladas, CFA
Public Debt keeps increasing, despite the positve budget execution
Quick Comment: Despite January’s positive budget execution...
March 03, 2025
António Seladas, CFA
António Seladas, CFA
Portugal: January’s job data...
Summing up - the job market started the year even stronger, the unemployment rate at 6.2%; is reaching recent lows...
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