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February 20, 2024
António Seladas, CFA
António Seladas, CFA
December External figures – Current Account surplus finishes the year above 1% of GDP
December External figures – Current Account surplus finishes the year, slightly above 1% of GDP, however Services and Travel growth is slowing down
February 16, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator – The DEI continues to lose momentum
The economy lost momentum over January, after finishing the year in a good foot, and the downwards trend remains in places in February.
February 15, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – 4Q23 wages increased on average 6.1%YoY vs. average Core CPI: 3%
As expected, the pace of wage increases, remains above inflation, even so the peak month was reached in March (7.8%YoY) and so we expect salaries increases to slowdown and the gain to reduce.
February 12, 2024
António Seladas, CFA
António Seladas, CFA
CPI Portugal – January’s CPI +2.30%YoY positve data
Inflation and core inflation remain under control (2.3%YoY and 2.4%YoY, respectively), despite two strong impacts - electricity (14.8%YoY and 5.8%MoM) and VAT at Food (+2.7%YoY and +2.8%MoM).
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