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January 31, 2024
António Seladas, CFA
António Seladas, CFA
Portugal: The unemployment rate was stable at 6.56%, signalling the job market remains healthy
The labour market is stable at low levels. Unemployment rate is at 6.56%, almost in line with moving averages 12MMA and 3MMA and the same is true regarding other metrics.
January 30, 2024
António Seladas, CFA
António Seladas, CFA
ESI in the EA is consolidating, Portugal is improving and Poland is outperforming
The ESI in the Euro Area is improving, even so is clearly lacking momentum, current data slightly above moving averages. Meanwhile Industry, that has underperformed is now consolidating, while Consumer Confidence remains on the weak side.
January 26, 2024
António Seladas, CFA
António Seladas, CFA
Quick Comment: Portugal - Daily Economic Indicator has lost momentum over the month of January
The DEI has lost momentum over the month of January, even so still a decent performance, January average data +5.6%YoY and last week +3.4%.
January 18, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator and Coincident Ind. are pointing to a resilient 4Q23 GDP
DEI remains resilient, the weekly average figure, over the 4Q23 is consolidating around 6%, benefitting from the favourable base effect and low correlation with the GDP one year ago; adjusting data, still point to 4Q23 close to 3%YoY
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