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November 02, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI remains weak
The DEI continues to lose momentum over the 4Q23, even that is apparently stabilizing at low levels. We should notice the DEI is volatile and often adjusted backwards.
November 02, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - September’s budget execution surprised positively
September budget execution surprised positively and basically compensated the negative execution in August. In fact, the two months together, generate an excess vs. 2022, of €110Mn.
November 02, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, September – The good days in the sector are just ending!
In a nutshell, remuneration on new Time-Deposits on Individuals, +42bp MoM to 2.31%, surprised, namely the monthly pace, as up to now the monthly increases were smaller.
November 02, 2023
António Seladas, CFA
António Seladas, CFA
Portugal: Job data – Unemployment rate in September increased to 6.5%
Portugal: September’s job data – The unemployment rate increased 14bpMoM to 6.50%; mainly because Active population keeps growing YoY and flat MoM, while Employed population went slightly down on a MoM basis.
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