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April 02, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, February – The sector has been able to stabilize the NIM
Summing up, over the last three months, the banking sector has been able to stabilize the NIM, our proxy has remained almost flat (excluding the negative impact from lower interest rates on sight deposits)...
April 01, 2025
António Seladas, CFA
António Seladas, CFA
Public Debt keeps increasing,despite a budget surplus
Quick Comment: Strong budget execution in January and February, Effective Revenues: +11.1%YtD, mainly due to VAT +26.7%, however IRS: 4.1%YtD and IRC: 33.2%YtD, also outperformed...
March 31, 2025
António Seladas, CFA
António Seladas, CFA
Portugal: February’s job data – The job market remains robust...
Summing up - the job market remains robust, despite a small increase on the unemployment rate to 6.42% +8bpMoM; Active and Employed Population are growing above 2%YoY, reaching record levels.
March 28, 2025
António Seladas, CFA
António Seladas, CFA
Comment: Portuguese Economy – February retail sales, volumes...
Summing up, volumes Retail Sales in February +3.6%YoY, o/w Non-Food +4,6% and Food: +2.4%, below moving averages, however it was mainly due to 2024 was a leap year...
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