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March 01, 2023
António Seladas, CFA
António Seladas, CFA
Portugal: January’s job data – Unemployment rate is increasing
The unemployment rate increased to 7.12% for a total of 374 000; more 19 600MoM people. Nevertheless, it was mainly due to an increase in the Active Population, +43 600MoM, of which unemployed: 19 600MoM and Employed: 24 000MoM.
March 01, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - January budget execution outperformed, surplus increased €184Mn or 10%YoY
January’s budget execution performed positively, surplus increased €184Mn or 10%YoY to €2Bn and the deficit on a trailing cash basis (last 12 months) is at 1.4% vs. 1.5% in December and 3.5% in Jan/22.
February 28, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – January real retail sales surprised on the upside
The Portuguese economy began the year in a strong pace, sales growth in general above 3MMA, while inflation remains relevant.
February 27, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator
Euro Area is consolidating after several months of improvement, while Portugal outperformed in February, even so, when compared with the moving averages Portuguese data is consistent with the Euro Area.
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