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March 07, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI outperformed in February
The economy, according to DEI, behaved strongly in February, after a weaker January. In fact current average performance QtD: +5.3%YoY (4.8% the week before) is pretty much in line with the 4Q23: +5.4%
March 04, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, January – Finally the sector reduced the remuneration on time-deposits
Finally, the industry acknowledged, that would need to decrease time-deposits remuneration, as the liquidity in the system is plenty.
March 01, 2024
António Seladas, CFA
António Seladas, CFA
Volumes retail sales in January, suffered from the base effect, despite still positive growthite sti
The base effect partially explains the performance in January, as volumes Retail sales +1.3%YoY (Jan/23: +2.7%YoY), Non Food +0.9%YoY (Jan/23: +6.3%YoY) and Food +1.8% (Jan/23: -1.4%YoY).
March 01, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - January surplus €1.2Bn, was the second worst January over the last six years
January surplus €1.17Bn, was the second worst January over the last six years. Meanwhile, Government debt increased €7Bn MoM, as December figure was abnormally low.
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