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January 29, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: ESI in January adjusted, however seems like a break
Summing up, the Euro Area ESI in January, surprised +220bpMoM, to 99.4 (+4%YoY), above the moving averages, Industry and Services, both improved sequentially. Meanwhile, in Portugal, the ESI, in January underperformed -300bpMoM…
January 29, 2026
António Seladas, CFA
António Seladas, CFA
Portugal: December's job data – The job market remains robust
Summing up, the job market in December kept the recent trend, namely Employed population growing above Active population so unemployment rate continues to adjust, 5.59% a new recent low...
January 29, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - December Retail sales volumes: +3.8%YoY; o/w Food +3.4%; below moving averages
Summing up, Retail Sales in December, volumes (without service stations and car sales): +3.8%YoY, weaker data; below moving averages; o/w, Food: +3.4%, and non-Food +4.1%; both also below moving averages...
January 19, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – November External data – Travel account surplus is slowing down...
In a nutshell, external data in November remained positive, namely the Current Account surplus, in percentage of GDP, last 12 months, 1.3%, in line with 12MMA but below 3MMA...
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