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May 02, 2025
António Seladas, CFA
António Seladas, CFA
Budget execution keeps surprising
Budget execution over the 1Q25, clearly surprised, surplus +€1.6Bn on a cash basis (+0.72% of GDP, last 12 months) vs. a deficit of €0.12Bn, 1Q24, the high base effect on expenditures over the 1Q24...
May 02, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – March retail sales...
Summing up, Retail Sales in March slowed down, mainly due to Easter impact (volumes: +2.2%YoY), as seasonal adjusted data remains upbeat (5%YoY).,,
April 30, 2025
António Seladas, CFA
António Seladas, CFA
Portugal: March’s job data – The job market remains stable at levels not seen for many years
Summing up - the job market remains stable at high levels; employed population, 5.175Mn is reaching the highest level since Feb/98...
April 29, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator, April – Portugal index ESI continues to adjust
Summing up, the Euro Area ESI in April continued to adjust, mainly Services Confidence and Consumer, two months in a row, the index is now below moving averages; while industry remains in the doldrums...
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