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August 20, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – June External data – Deficit of Good Account above 10% oF GDP
In a nutshell, external data in June, remains negative, Current Account recorded a small deficit, the second month in a row. In fact, Tourism is losing steam, the Travel Account surplus in June increased only 1.5% and 3.9%YtD...
August 14, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – 2Q26 salaries +5.08%YoY; roughly 2% premium over inflation
Quick Comment: Portugal – 2Q26 gross earnings per employee increased on average 5.08%YoY nominal...
August 14, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – Coincident Indicators continued to improve in July
Quick Comment: Portugal – Coincident Indicators, recent past data, were reviewed upwards again, mainly Private Consumption. Meanwhile, July figures, Privat Consumption...
August 12, 2026
António Seladas, CFA
António Seladas, CFA
July's CPI: Good's inflation keeps adjusting
CPI Portugal final data – July CPI: 3.04%YoY/-53bpMoM and Core inflation 2.57%YoY/-72bpMoM, in line with preliminary data. Meanwhile, Services inflation 4.03%YoY/+26bpMoM...
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