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February 29, 2024
António Seladas, CFA
António Seladas, CFA
Portugal: January’s job data – Employed population close to a record level, 5Mn
Summing up – the job market remains sound, Employed population is close to a historical figure 5Mn, however Active population continues to increase and so unemployment rate remains stable at 6.5%.
February 28, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: ESI - The EA is stuck, while Portugal remains upbeat
The Euro Area ESI adjusted slightly in February on a monthly basis, continues to lack momentum, despite lower pricing and interest rates pressure. The ESI is below moving averages, showing EA economy is stuck.
February 22, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator – The DEI regained momentum over the Carnival’s week
The economy regained momentum over the week that ended February 15 (+4.8% vs. 2.6% the week before): the Carnival may have interfered
February 20, 2024
António Seladas, CFA
António Seladas, CFA
December External figures – Current Account surplus finishes the year above 1% of GDP
December External figures – Current Account surplus finishes the year, slightly above 1% of GDP, however Services and Travel growth is slowing down
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