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January 18, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – November External figures – Current Account surplus keeps improving
Services Account Balance continues to surprise, even that Tourism is, apparently, slowing down, however other items are outperforming (namely transports).
January 11, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – DEI outperformed over the 4Q23
The DEI (Daily Economic Index) outperformed over the 4Q23, mainly on the months of November and December.
January 11, 2024
António Seladas, CFA
António Seladas, CFA
CPI Portugal – December’s core CPI at 2.64%, below moving averages
December’s inflation data slightly above preliminary figures, namely, Headline and Core data.
January 08, 2024
António Seladas, CFA
António Seladas, CFA
Portugal: November’s job data – The job market remains robust
The job market remains strong and clearly outperforming our expectations. So, any slowdown in the economic activity, while employment remains strong, should be seen as less worrying.
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