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December 04, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, October – The good times in the sector are over!
Remuneration on new Time-Deposits on Individuals, +64bp MoM to 2.93%, +100bp in two months. The pace keeps surprising, namely because liquidity in the system remains abundant, ratio Loans to Deposits below 0.85x
November 30, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - October’s budget surplus: +€6.2Bn, a historical figure
Budget execution in October maintained the strong performance, benefitting from several one-off expenditures in October2022.
November 30, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI remains at 4.2%QtD, clearly above our expectations
The DEI (Daily Economic Index) remains resilient, the weekly average figure, 4QtD, is at 4.2%YoY in line with last week and above the week before
November 30, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – Retail sales in October: +0.9%YoY (Food +0.5%YoY and Non-Food: +1.3%YoY)
October data remains in positive territory, volumes +0.9%YoY; mainly due to Non-Food data: +1.3%; as Food, +0.5% disappointed, below 3MMA; despite Food inflation around 5%, is adjusting.
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