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September 01, 2025
António Seladas
António Seladas
Budget execution in July keeps performing
the budget execution, keeps performing surplus +€2,327MnYtD (until July) vs. a surplus of €940Mn in 2024 (until July), mainly due to Effective Revenues +7.1%YtD above Effective Expenditures, +5.1%YtD...
September 01, 2025
António Seladas
António Seladas
Portuguese Economy – July retail sales, volumes, +7.2%YoY, o/w Food: +6.3% and non-Food: +8.0%. Positive data, that bodes well for retailers and government budget…
Retail Sales in July, volumes: +7.2%YoY, above moving averages o/w, Food: +6.3% and non-Food +8.0%. Strong sales data in July, that points to a 3Q25 in line with the prior quarter. Clearly very positive for Retailers and government budget.
August 29, 2025
António Seladas
António Seladas
Portugal: July’s job data – The job market regained momentum in July, reaching record levels.
Summing up, the job market in July, regained momentum, employed population increased 4%YoY; reaching record figures, while unemployment at 5.79% is close to record lows.
August 21, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator
DEI’s average 3QtD remains negative (-0.5%), probably underestimating the economic activity, as was the case over the 2Q25.
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