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November 10, 2022
António Seladas, CFA
António Seladas, CFA
Portugal – Salaries and inflation are evolving closer
Portugal – 3Q22 salaries increased close to 3.5%YoY; while the relationship with inflation is becoming strong.
November 03, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry September – The rosy environment in the banking industry, remained in p
The rosy environment in the banking industry, remained in place in September, our proxy for the NIM reached record figures. In the coming months, Loans volumes growth should slowdown, due to higher interest rates, while higher unemployment (increased
November 02, 2022
António Seladas, CFA
António Seladas, CFA
Portugal Economy: Government Net debt in September went down MoM, while Gross debt increased due to higher Deposits
Gross Government’s Debt in September underperformed, while net Debt outperformed in line with the strong budget execution; it was mainly due to higher Deposits, +€3.6BnMoM, reaching a record level of €29Bn.
November 02, 2022
António Seladas, CFA
António Seladas, CFA
September's job data – The job market lost steam, as the unemployment rate increased 10bpMoM
Portugal: September’s job data – The job market lost steam in September, only +10bpMoM at the unemployment rate to 6.10%; even so seems to be the first signals of a less robust market in line with ECB desires to calm down inflation.
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