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October 02, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - August’s budget execution surprised negatively
Portuguese Economy - August’s budget execution surprised negatively, surplus €0.53Bn, a deterioration of €1.49Bn vs. August/22. Expenditures continue to increase, while revenues are slowing down.
September 29, 2023
António Seladas, CFA
António Seladas, CFA
Portugal: Job data – The labour market in August remained stronger than ever
Portugal: August’s job data – The labour market remains stronger than ever. Unemployment rate and inactive population at low levels, while Active population and Employed population at record figures.
September 29, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - Retail sales in August: Non-Food: -1%YoY; finally negative!
August retail sales (volumes) finally recorded weaker figures +0.7%YoY; more in line with our expectations and mainly due to Non-Food sales (-1%YoY) as Food sales (+2.5%YoY) is benefitting from the base effect.
September 28, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Index – The DEI slew down over the 3rd week of the month
Portugal – Daily Economic Indicator – The DEI slew down over the 3rd week of the month (close to flat), after two strong weeks, even so the Quarter should finish around +1% growth
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