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April 11, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator – The DEI is adjusting but is mainly the Easter effect
The DEI, Daily observations and Weekly moving average, outperformed over the end of March and is now underperforming, but is mainly the Easter effect (last year, the Easter was April 9), as the DEI doesn’t adjust holydays.
April 10, 2024
António Seladas, CFA
António Seladas, CFA
CPI Portugal – March’s core CPI, +2.5%YoY in line, however Services, at 5%; are on the way up.
Summing up, inflation and core inflation in line with preliminary data, +2.3%YoY and +2.5%; respectively, however above figures recorded over the last 2 or 3 months.
April 04, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator regained momentum over the Easter’s week and outperformed over the 1Q24
The DEI regained momentum over the last week of March, probably due to Easter. Meanwhile, the average DEI over the 1Q24, was 6%YoY, slightly higher than the 4Q23 and the best quarter since 2Q22.
April 02, 2024
António Seladas, CFA
António Seladas, CFA
February’s job data – Employed population at 5Mn, a record figure
Employed and Active population are at or above 5 million people, a record figure. The slightly uptick on the unemployment rate, +10bp to 6.7% is mainly from an increase on the Active population above the Employed population.
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