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August 10, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – 2Q23 wages increased on average 6.9%YoY; above inflation
As expected, the pace of wage increases, accelerated over the 2Q23 and overcame inflation. Nevertheless, the peak was, probably, already reached, so we expect smaller increases in the coming months, even so above inflation.
August 10, 2023
António Seladas, CFA
António Seladas, CFA
CPI Portugal – July’s core CPI went down 89bpMoM to 4.7%; a positive performance
Inflation is slowing down and Core MoM data went down 89bp MoM, to 4.7%YoY; after a poor performance in June. Energy prices are stabilizing or increasing and Food prices are stabilizing sequentially.
August 03, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI remained in negative territory in July
The DEI (Daily Economic Index) remains in negative territory, three weeks in a row, and is pointing to negative growth in July
August 02, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, June – The banking environment is now less friendly
Portuguese Banking Industry, June – The banking environment is now less friendly, as time Deposit remuneration is increasing faster
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