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March 12, 2024
António Seladas, CFA
António Seladas, CFA
CPI Portugal – February’s CPI, +2.07%YoY in line, however Services +4.5% are resilient
reading time: 3 mins Summing up, inflation and core inflation are receding (+2.07%YoY and 2.11%), however prices at Services around 4.5%YoY remain resilient. Several price increases at Services supported on last year average inflation justify the cu
March 07, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI outperformed in February
The economy, according to DEI, behaved strongly in February, after a weaker January. In fact current average performance QtD: +5.3%YoY (4.8% the week before) is pretty much in line with the 4Q23: +5.4%
March 04, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, January – Finally the sector reduced the remuneration on time-deposits
Finally, the industry acknowledged, that would need to decrease time-deposits remuneration, as the liquidity in the system is plenty.
March 01, 2024
António Seladas, CFA
António Seladas, CFA
Volumes retail sales in January, suffered from the base effect, despite still positive growthite sti
The base effect partially explains the performance in January, as volumes Retail sales +1.3%YoY (Jan/23: +2.7%YoY), Non Food +0.9%YoY (Jan/23: +6.3%YoY) and Food +1.8% (Jan/23: -1.4%YoY).
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