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November 30, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – Retail sales in October: +0.9%YoY (Food +0.5%YoY and Non-Food: +1.3%YoY)
October data remains in positive territory, volumes +0.9%YoY; mainly due to Non-Food data: +1.3%; as Food, +0.5% disappointed, below 3MMA; despite Food inflation around 5%, is adjusting.
November 30, 2023
António Seladas, CFA
António Seladas, CFA
Portugal: October’s job data
The job market remains strong, namely on a yearly basis, as employed and active population are close to record levels.
November 23, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator continues to surprise, without impact from the political crisis
The DEI (Daily Economic Index) continues to surprise, the weekly average figure, 4QtD, improved once again and is now at 4.2%YoY vs. last week: 3.6% and the week before: 2.8%.
November 20, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – 3Q23 wages increased on average 6.3%YoY; above inflation but below 2Q23
As expected, the pace of wage increase remains above inflation, 3Q23: 6.3%YoY, however slew down from the rapid pace in the period February/June: 7.2%.
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