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September 30, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – August non-Food sales continue to impress
Consumers in August remained upbeat, even that tourism had probably a positive impact, deflated non-Food sales +10.8%YoY. Meanwhile, Food sales volumes remained depressed, while food inflation remains in the double digit region.
September 29, 2022
António Seladas, CFA
António Seladas, CFA
Portugal: August’s job data – The job market remains strong
The job market remains strong with the unemployment rate at 6%, stable for almost 1 year. Unions and employers are now negotiating wage increases to 2023.
September 29, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator - EU September's data reached new recent lows
Portuguese Economy: Economic Sentiment Indicator – EU September’s data reached new recent lows, so, apparently, we are entering the 4Q22 on the weak side… (reading time: 3 mins)
September 27, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - August’s Government budget execution strongly outperformed
August’s Government budget execution surprised on the upside, Effective Revenues, while Expenditures remain under control.
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