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February 12, 2024
António Seladas, CFA
António Seladas, CFA
CPI Portugal – January’s CPI +2.30%YoY positve data
Inflation and core inflation remain under control (2.3%YoY and 2.4%YoY, respectively), despite two strong impacts - electricity (14.8%YoY and 5.8%MoM) and VAT at Food (+2.7%YoY and +2.8%MoM).
February 08, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI is losing momentum
The economy lost momentum over January and first days of February vs. a peak by the end of the 4Q23. Even so, the DEI remains in positive territory, +4.7%QtD vs. last week 4.9% and two weeks ago 5.6%.
February 01, 2024
António Seladas, CFA
António Seladas, CFA
Quick Comment: Portugal – Daily Economic Indicator – The DEI is losing momentum in Janua
The economy surprised over the 4Q23; GDP +2.2%YoY and +0.8%QoQ, more in line with DEI’s data, December apparently was relevant for quarter’s performance.
February 01, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, December: the sector keeps increasing interest rates on time Deposits
Average remuneration on new Time-Deposits on Individuals, +10bp MoM to 3.10%, a historical high level, while interest rates on new Loans are already coming down and liquidity remains abundant.
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