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March 21, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI keeps improving over the Quarter
Daily Economic Index continues to improve over the Quarter, after a lower performance in January, average weekly data: 4.8%YoY; February: +6.1%YoY and March up to now: +8.4%YoY.
March 21, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – January External figures – Tourism surplus +12.3%YoY
Current Account Balance starts the year, maintaining the positive trend, surplus last 12 months: 1.59% of GDP, above moving averages.
March 14, 2024
António Seladas, CFA
António Seladas, CFA
Portugal - Daily Economic Indicator and Coincident Ind. are pointing to an upbeat 1Q24 GDP
The DEI remains resilient, actually, after a lower performance in January, average weekly data has improved in February and March, current data: +5.5%QtD vs. 5.3%YoY and 4.8%YoY, in the prior two weeks respectively.
March 12, 2024
António Seladas, CFA
António Seladas, CFA
CPI Portugal – February’s CPI, +2.07%YoY in line, however Services +4.5% are resilient
reading time: 3 mins Summing up, inflation and core inflation are receding (+2.07%YoY and 2.11%), however prices at Services around 4.5%YoY remain resilient. Several price increases at Services supported on last year average inflation justify the cu
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