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March 01, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - January surplus €1.2Bn, was the second worst January over the last six years
January surplus €1.17Bn, was the second worst January over the last six years. Meanwhile, Government debt increased €7Bn MoM, as December figure was abnormally low.
February 29, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI has improved over February
Summing up: According to the DEI, the economy has improved over February, after a weaker January, not showing signals of weakness.
February 29, 2024
António Seladas, CFA
António Seladas, CFA
Portugal: January’s job data – Employed population close to a record level, 5Mn
Summing up – the job market remains sound, Employed population is close to a historical figure 5Mn, however Active population continues to increase and so unemployment rate remains stable at 6.5%.
February 28, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: ESI - The EA is stuck, while Portugal remains upbeat
The Euro Area ESI adjusted slightly in February on a monthly basis, continues to lack momentum, despite lower pricing and interest rates pressure. The ESI is below moving averages, showing EA economy is stuck.
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