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September 30, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – August retail sales, volumes +5.4%YoY, o/w Food: +6.2% and non-Food: +4.8%
Summing up, Retail sales in August, volume data, +5.4%YoY; o/w: Food: +6.2%YoY and Non-Food +4.8%YoY; above moving averages and clearly above our expectations.
September 27, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator September – Data in Euro Area remained depressed...
Summing up, in September the Euro Area ESI remained weak, -30bpMoM, almost flat with the moving averages, mainly due to Industry that current data remains below weak moving averages.
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).
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