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March 25, 2024
António Seladas, CFA
António Seladas, CFA
Housing Market Portugal 4Q23 – Volumes at the housing market adjusted but prices didn’t
Volumes at the housing market adjusted (-11.4%YoY and -0.4%QoQ) and are now stabilizing at low levels; nevertheless housing prices kept the momentum, +7.8%YoY and +1.3%QoQ.
March 21, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI keeps improving over the Quarter
Daily Economic Index continues to improve over the Quarter, after a lower performance in January, average weekly data: 4.8%YoY; February: +6.1%YoY and March up to now: +8.4%YoY.
March 21, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – January External figures – Tourism surplus +12.3%YoY
Current Account Balance starts the year, maintaining the positive trend, surplus last 12 months: 1.59% of GDP, above moving averages.
March 14, 2024
António Seladas, CFA
António Seladas, CFA
Portugal - Daily Economic Indicator and Coincident Ind. are pointing to an upbeat 1Q24 GDP
The DEI remains resilient, actually, after a lower performance in January, average weekly data has improved in February and March, current data: +5.5%QtD vs. 5.3%YoY and 4.8%YoY, in the prior two weeks respectively.
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