...
June 05, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry; April – Deposits keep growing above Loans.
In April liquidity in the industry remains abundant, the ratio Loans/Deposits is at all-time low, 0.826x; even so the sector keeps overpaying by time deposits
June 03, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Budget execution and Debt over the 1Q24 under presssure
The budget execution remains poor, deficit on a cash basis in April €1.9Bn YtD and the worst performance on an annual basis (-€3Bn vs. April/23YtD), at least over the last 15 years (excluding 2021, due to Covid19).
May 31, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator – The Portuguese economy over the 2Q24 seems less volatile vs. the 1Q24, ho
The DEI, weekly average, released today points to May: 4.7% vs. 5.2% the week before and almost flat over the quarter at 4.4% (April was reviewed slightly upwards).
May 29, 2024
António Seladas, CFA
António Seladas, CFA
Portugal: April’s job data – The job market remains strong, unemployment rate at 6.3%, below moving
the job market remained strong in April, the unemployment rate at 6.32%; is below moving averages and close to record low levels. Probably, the only alarming signal is the Inactive population that has been growing for the last two quarters
Back See More
