February 02, 2023
António Seladas, CFA
Portuguese Banking Industry, December –The banking sector is through an historical positive period
The environment remains very positive to the sector. Mortgage and Corporate Loans interest rates are increasing, the liquidity remains abundant, the ratio Loans to Deposits is close to 0.8x (almost half of the figure 10 years ago)



February 01, 2023
António Seladas, CFA
Portugal Economy: Government debt at YE22, 114.7%; below Government’s target
Gross debt at YE22, as measured by the European Commission, at 114.7% of GDP reached the Government’s target 115.4% and went down from 125.5% at YE21.



January 31, 2023
António Seladas, CFA
Portugal: December’s job data – The job market remains in an adjustment phase
Job market data in December kept the adjustment phase, unemployment rate increased 20bp to 6.67% vs. figures below 6% over the summer.



January 30, 2023
António Seladas, CFA
Portuguese Economy – December real retail sales surprised on the upside
Food sales remain in negative territory; however the base effect should help food sales from January onwards and will become tougher for non-Food sales.



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