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July 27, 2023
AS Independent Research
AS Independent Research
Portugal – Daily Economic Indicator – The economy remains in negative territory in July
Summing up: the DEI (Daily Economic Index) remains in negative territory, two weeks in a row, and is now pointing to negative growth -1.1%QtD; after 2Q23: +2.3%YoY (average data)
July 20, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator and External figures
External figures for the last 12 months are now positive (May), a strong achievement. Unfortunately, the economy remains unbalanced between, a good performance at Services, a surplus close to 10% of GDP, and a strong underperformance at Goods
July 14, 2023
António Seladas, CFA
António Seladas, CFA
The Portuguese economy, according to the Coincident Indicators, performed positively in June
The Portuguese economy, according to the Coincident Indicators, performed positively in June, meanwhile the DEI is showing a smooth negative trend. So it remains unclear where the economy will adjust and the pace.
July 13, 2023
António Seladas, CFA
António Seladas, CFA
CPI Portugal – June’s core CPI went down to 5.25%YoY, however the adjustment is slowing down
Summing up, inflation is slowing down, however the MoM pace is also slowing down, which is not positive as Core data 5.25%YoY (Euro Area: 5.4%) is well above ECB’s target.
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