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April 10, 2024
António Seladas, CFA
António Seladas, CFA
CPI Portugal – March’s core CPI, +2.5%YoY in line, however Services, at 5%; are on the way up.
Summing up, inflation and core inflation in line with preliminary data, +2.3%YoY and +2.5%; respectively, however above figures recorded over the last 2 or 3 months.
April 04, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator regained momentum over the Easter’s week and outperformed over the 1Q24
The DEI regained momentum over the last week of March, probably due to Easter. Meanwhile, the average DEI over the 1Q24, was 6%YoY, slightly higher than the 4Q23 and the best quarter since 2Q22.
April 02, 2024
António Seladas, CFA
António Seladas, CFA
February’s job data – Employed population at 5Mn, a record figure
Employed and Active population are at or above 5 million people, a record figure. The slightly uptick on the unemployment rate, +10bp to 6.7% is mainly from an increase on the Active population above the Employed population.
April 02, 2024
António Seladas, CFA
António Seladas, CFA
Gross Government in February close 100% of GDP, but not sustainable
February’s budget execution, released Thursday evening points to a surplus of €785Mn YtD, -1,556Mn than the same period last year.
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