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February 01, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Gross Government debt finished the year at 98.7% of GDP, a strong result
Gross Government debt in December went down €4.8Bn MoM to €263Bn and 98.7% of GDP, below 100% and below government target 103%.
January 31, 2024
António Seladas, CFA
António Seladas, CFA
Portugal: The unemployment rate was stable at 6.56%, signalling the job market remains healthy
The labour market is stable at low levels. Unemployment rate is at 6.56%, almost in line with moving averages 12MMA and 3MMA and the same is true regarding other metrics.
January 30, 2024
António Seladas, CFA
António Seladas, CFA
ESI in the EA is consolidating, Portugal is improving and Poland is outperforming
The ESI in the Euro Area is improving, even so is clearly lacking momentum, current data slightly above moving averages. Meanwhile Industry, that has underperformed is now consolidating, while Consumer Confidence remains on the weak side.
January 26, 2024
António Seladas, CFA
António Seladas, CFA
Quick Comment: Portugal - Daily Economic Indicator has lost momentum over the month of January
The DEI has lost momentum over the month of January, even so still a decent performance, January average data +5.6%YoY and last week +3.4%.
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