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May 16, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – 1Q24 gross earnings per employee increased on average 6.0%YoY vs. inflation close to 2%
Wage increases have remained around 6% or higher for more than a year, in March: 6%YoY and 12MMM (12 months moving average): 6.4%. Meanwhile, inflation is coming down, March +2.3%YoY and 12MMA: 2.9%.
May 13, 2024
António Seladas, CFA
António Seladas, CFA
Quick Comment: CPI Portugal
Summing up, inflation and core inflation in line with preliminary data, +2.2%YoY and +2.0%; respectively, below moving averages or in line.
May 10, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator has improved from mid-April, showing an unexpected resilience
The DEI has clearly improved from mid-April, after two weeks of poor performance, apparently, after Easter negative impact.
May 03, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, March – The sector remains abundant in liquidity
Portuguese Banking Industry, March – The sector remains abundant in liquidity, nevertheless kept the remuneration on new time deposit almost unchanged
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