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September 26, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – September is improving
The average DEI has improved over the month, +1.6%YoY vs. +0.8% last week and negative data two weeks ago.
September 20, 2024
António Seladas, CFA
António Seladas, CFA
Housing Market Portugal 2Q24 – Prices +7.8%YoY/+3.9%QoQ and volumes +10,4%YoY/+12.2%QoQ
Summing up, the housing market is regaining steam, 2Q24 prices +7.8%YoY/+3.9%QoQ and No. of Transactions +10.4%/+12.2%QoQ (non-residents -2.8%YoY/+19.2%QoQ).
September 19, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – July External figures – Services +10.9%YoY, while Travel only +9.3%YoY
In a nutshell, the positive trend at the Payments Account remained in place in July. The Current Account surplus, last 12 months in percentage of GDP, +2.3%; is above the moving averages, actually is at a record level, at least, for the last 15 years
September 19, 2024
António Seladas, CFA
António Seladas, CFA
Quick Comment: Portugal – Daily Economic Indicator – The 3Q24 remains on the weak side
The DEI over the 3Q24 is, apparently, consolidating below prior quarters and September’s data, despite better than the week before remains weak. All in all, the 3Q24 is showing signals of weakness, in line with other data.
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