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October 02, 2025
António Seladas, CFA
António Seladas, CFA
Budget execution and Gvernment debt in August keep performing
Quick Comment: the budget execution, keeps performing, surplus on a cash basis +€2.01Bn YtD (until Augusts) vs. a surplus of €524Mn in 2024 (until August), mainly due to Effective Revenues +8.0%YtD, above Effective Expenditures, +6.1%YtD...
October 01, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – August retail sales, volumes, +4.9%YoY, o/w Food: +4.6% and non-Food: +5.2%....
Summing up, Retail Sales in August, volumes: +4.9%YoY, below moving averages, o/w, Food: +4.6% and non-Food +5.2%. Still robust data, balanced between Food and Non-Food, even so adjusting from higher figures over the last four months...
October 01, 2025
António Seladas, CFA
António Seladas, CFA
Portugal: August’s job data – The job market slightly adjusted in August...
Summing up, the job market in August, slightly adjusted, the unemployment rate increased 13bpMoM to 6.09%. Nevertheless, Employed population and Active population, +3.4%YoY and 3.1%YoY, respectively, continue to show strong growth...
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