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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.
July 06, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry: May – The banking environment remains friendly
In a nutshell, the banking sector environment remains friendly, as Loans interest rates continue to increase, while Deposit Interest rates are also increasing but not impacting our NIM proxy, still close to record levels
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