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October 04, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, August – No news, good news!
In a nutshell, no news good news! The environment in the banking sector remains cosy.
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.
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