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June 07, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, April – The banking environment for the 3RD quarter in a row remains better than ever
In a nutshell, the banking sector environment remains better than ever, as the NIM is close to record levels, while Overdue Loans ratios stay at low levels in line with the low unemployment rate.
June 02, 2023
António Seladas, CFA
António Seladas, CFA
Portugal Economy: Government debt in April went slightly down to 113% of GDP
Summing up: Gross debt in April almost stabilized on a MoM basis, mainly because Deposits were almost flat at €23Bn and deficit in April on a cash basis was only €919Mn.
June 02, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - April's efective revenues +17.2YoY and 9.5%Ytd
Portuguese Economy - April’s budget execution continues to benefit from Effective revenues +17.2%YoY and 9.5%YtD (Direct taxes, Indirect taxes and Social Security contributions, +17.3%YtD; +6.8%YtD and 11.9%YtD, respectively)
June 01, 2023
António Seladas, CFA
António Seladas, CFA
Portugal: April’s job data – Unemployment rate went slightly down -20bp MoM to 6.77%
Summing up – The unemployment rate went slightly down in April, -20bp MoM to 6.77%; between 12MMMA and 3MMA.
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