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April 03, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, February – Liquidity remains plenty, while NIM slightly adjusted
In a nutshell, there’s still plenty of liquidity in the system, the ratio Loans to Deposits, despite a slightly increase over the last 2 months remains well below 1x (at 0.8531), so time deposits remuneration should continue to increase.
March 30, 2023
António Seladas, CFA
António Seladas, CFA
Febraury’s job data – Unemployment rate came down, while Active population is reaching new highs
The unemployment rate went down 20bp to 6.8%m while the “Employed population” and the “Active population” keep growing.
March 30, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – February retail sales growth was slightly negative (-0.2%YoY).
The Portuguese economy remained resilient in February, despite slightly negative growth figure (-0.2%YoY), it is mainly due to the base effect and should be less relevant from May onwards.
March 30, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator – March data
The Euro Area ESI is consolidating after several months of improvement and the same is true regarding Portugal.
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