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December 31, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – November retail sales, volumes +6.4%YoY, o/w Food: +7.4% and non-Food: +5.7%
Summing up, strong retail sales data in November, as was the case of October, volumes, +6.4%YoY; food: +7.4% and non-Food: 5.7%; above moving averages. Consumers remain upbeat, leveraging on lower interest rates, high real salaries and...
December 23, 2024
António Seladas, CFA
António Seladas, CFA
Housing Market Portugal 3Q24 – Prices and volumes outperforming
Summing up, the housing market is gaining strong momentum, prices +9.8%YoY/+3.7%QoQ, while No. of transactions +19.4%/+10.2%QoQ (non-residents -3.1%YoY/+7.8%QoQ). Lower interest rates on mortgages are impacting the housing market.
December 20, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – October External data – Travel revenues growing at lower rates
Summing up, the positive trend at external figures was kept in October, Current Account surplus, 2% of GDP last 12 months, above moving averages. The deficit at Goods balance is stabilizing below 9% of GDP, while the Surplus at the Services...
December 20, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator and Coincident Indicators...
Summing up, the economy remains volatile when growth is measured on a yearly basis, strong October followed by a weaker November, while December is improving. Even so, the quarter should perform in line with past quarters…
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