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June 27, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: ESI - Data shows lack of momentum
In June the Euro Area ESI recorded a small adjustment -20bp MoM, broad-based, figures are in line with moving averages but below long-term averages.
June 24, 2024
António Seladas, CFA
António Seladas, CFA
Housing Market Portugal 1Q24 – Prices stilll increasing +7%YoY
The positive trend on prices in the Portuguese housing market over the 1Q24 remained in place (+7.0%YoY), however the number of transactions continue to adjust,
June 19, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – April External figures – Services/Travel grew below averages, probably due to Easter effe
Summing up, Current account surplus in April, +2.3% of GDP last 12M; above moving averages.
June 14, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The economy is, apparently, underperforming over the 2Q24.
The DEI, weekly average, released today, points to May: 3.9% vs. 4.2% the week before, April: 3.5% vs 4.4% before and 3.7%QtD vs. 4.3% before. The economy is, apparently, underperforming over the quarter.
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