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May 16, 2024
António Seladas, CFA
António Seladas, CFA
The Economic Coincident Indicator adjusted in April, however Consumption remained resilient, meanwhile the DEI is improving in May
The Economic Activity Coincident Indicator, in April, just released by the BoP, continued to adjust, +1.9%YoY vs. 3MMA: +2.0% and 12MMMA: 2.7%; however Private Consumption keeps outperforming +2.5%YoY vs. 3MMA.
May 16, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – 1Q24 gross earnings per employee increased on average 6.0%YoY vs. inflation close to 2%
Wage increases have remained around 6% or higher for more than a year, in March: 6%YoY and 12MMM (12 months moving average): 6.4%. Meanwhile, inflation is coming down, March +2.3%YoY and 12MMA: 2.9%.
May 13, 2024
António Seladas, CFA
António Seladas, CFA
Quick Comment: CPI Portugal
Summing up, inflation and core inflation in line with preliminary data, +2.2%YoY and +2.0%; respectively, below moving averages or in line.
May 10, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator has improved from mid-April, showing an unexpected resilience
The DEI has clearly improved from mid-April, after two weeks of poor performance, apparently, after Easter negative impact.
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