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January 02, 2024
António Seladas
António Seladas
Portuguese Economy - November’s budget surplus: +€6.4BnYtD, a record number
All in all a strong execution again in November. Effective Revenues +10.4%YtD vs. Initial budget 9.2% and Effective Expenditures +5.8%YtD vs. initial budget +8.5%.
December 29, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – Volumes Retail sales in November surprised
November volumes retail sales data surprised, +2.6%YoY; Food: +2.8% and Non-Food: 2.3%; in general above moving averages.
December 27, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator continues to surprise, pointing to a strong December and 4Q23
The DEI continues to surprise. The base effects partially explains the strong figures, even so the economic activity is outperforming, showing an unexpected resilience.
December 27, 2023
António Seladas, CFA
António Seladas, CFA
Housing Market Portugal 3Q23 – The housing market remains resilient, prices +7.6%YoY and +1.8%QoQ
The housing market has surprised, as prices are still going up (+7.6%YoY and +1.8%QoQ), despite lower transaction (-18.9%YoY and +1.9%QoQ) and higher interest rates
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