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November 20, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – 3Q23 wages increased on average 6.3%YoY; above inflation but below 2Q23
As expected, the pace of wage increase remains above inflation, 3Q23: 6.3%YoY, however slew down from the rapid pace in the period February/June: 7.2%.
November 17, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – September External figures – Tourism sector keeps surprising
Portugal – September External figures – Tourism sector keeps surprising, while the Current Account surplus in proportion of GDP is reaching record levels.
November 16, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator remains surpsingly resilient
Portugal – Daily Economic Indicator – The DEI remains surprisingly resilient over the Quarter, while the Coincident Indicators are adjusting.
November 13, 2023
António Seladas, CFA
António Seladas, CFA
CPI Portugal – October's CPI lower data is broad based
Lower inflation data remains in place and is broad based, even so core data is at 3.5%. The lower trend should remain in place at least until Feb/March next year, as the base effect would help.
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