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April 29, 2026
António Seladas, CFA
António Seladas, CFA
Portugal: March's job data – Almost flat with February
Summing up, the job market in March was almost flat with February, unemployment rate 5.83% +3bpMoM, so up to now the storms in February and the Iran war, started in March, has had no impact in the job market. Nevertheless, apparently...
April 17, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – March Private Consumption Indicator slighlty adjusted
Portugal – March Coincident Indicators slightly adjusted, namely Private Consumption, +2.8%YoY; below moving average, meanwhile the general index at 2.0% also adjusted. The DEI, daily economic index, 1QtD average at 2.5%;...
April 17, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – February External data – Tourism is losing steam
In a nutshell, external data in February, remained on the weak side, namely Services surplus, -2.2%YoY and Travel surplus (consolidates into Services): -0.1%YoY...
April 13, 2026
António Seladas, CFA
António Seladas, CFA
March's CPI: Core data at 2% means the second-round effects are still negligible
CPI Portugal final data – March CPI: 2.71%YoY/202bpMoM, above moving averages, and Core data 2.0%YoY; in line with preliminary data. Energy, +5.74%YoY/+6.65%MoM, was the main justification to the strong price change...
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