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July 04, 2023
AS Independent Research
AS Independent Research
Portuguese Economy - May’s budget execution disappointed
Portuguese Economy - May’s budget execution disappointed, Revenues only grew 1.2%YoY; while Expenditures grew 9.6%.
July 04, 2023
António Seladas, CFA
António Seladas, CFA
Portugal Economy: Gross Government debt is stabilizing close to €280Bn
Portugal Economy: Gross Government debt is stabilizing, close to €280Bn, while Deposits stabilized at €23Bn. Meanwhile, Government Debt target at YE23: 107.5%; seems achievable, actually it could finish the year below the target.
June 30, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – Retail sales in Portugal in May outperformed
Portuguese Economy – Retail sales in Portugal in May outperformed, volumes +3%YoY, balanced between Food and non-Food both around 3%
June 30, 2023
António Seladas, CFA
António Seladas, CFA
Portugal: May’s job data – Unemployment rate went slightly down
Portugal: May’s job data – Unemployment rate went slightly down -10bp MoM to 6.42%, while Employed population is reaching new highs
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