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February 22, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator – The DEI regained momentum over the Carnival’s week
The economy regained momentum over the week that ended February 15 (+4.8% vs. 2.6% the week before): the Carnival may have interfered
February 20, 2024
António Seladas, CFA
António Seladas, CFA
December External figures – Current Account surplus finishes the year above 1% of GDP
December External figures – Current Account surplus finishes the year, slightly above 1% of GDP, however Services and Travel growth is slowing down
February 16, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator – The DEI continues to lose momentum
The economy lost momentum over January, after finishing the year in a good foot, and the downwards trend remains in places in February.
February 15, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – 4Q23 wages increased on average 6.1%YoY vs. average Core CPI: 3%
As expected, the pace of wage increases, remains above inflation, even so the peak month was reached in March (7.8%YoY) and so we expect salaries increases to slowdown and the gain to reduce.
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