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December 27, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator continues to surprise, pointing to a strong December and 4Q23
The DEI continues to surprise. The base effects partially explains the strong figures, even so the economic activity is outperforming, showing an unexpected resilience.
December 27, 2023
António Seladas, CFA
António Seladas, CFA
Housing Market Portugal 3Q23 – The housing market remains resilient, prices +7.6%YoY and +1.8%QoQ
The housing market has surprised, as prices are still going up (+7.6%YoY and +1.8%QoQ), despite lower transaction (-18.9%YoY and +1.9%QoQ) and higher interest rates
December 21, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator maintains a strong momentum over the quarter, namely December
The DEI continues to surprise, the weekly average figure, 4QtD, is now at 5.3%YoY vs. last week 4.9% and two weeks ago 4.3%.
December 20, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – October External figures – Tourism sector continues to outperform
Tourism revenues continue to outperform, in October Travel surplus +18.1%YoY and Services surplus 10.5% of GDP, last 12 months, while Goods account deficit remains close to double digit and increased in October 17.5%YoY
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