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April 19, 2023
António Seladas, CFA
António Seladas, CFA
Portugal February External figures – Travel surplus is slowing down
Summing up, Travel continues to outperform, even so the pace is coming down.
April 14, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – March CPI: Prices are adjusting, however MoM core data has been volatile.
The Portuguese Statistic Institute has just released, March CPI final figures and its subcomponents.
April 04, 2023
António Seladas, CFA
António Seladas, CFA
Portugal Economy: Government gross debt in percentage of GDP keeps increasing
The process of increasing Deposits remains in place, and it should take more 2 or 3 months, after the strong reduction by the end of last year. So the Debt to GDP ratio is now around 115% vs. a target for the yearend of 111%.
April 04, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - February budget execution surprised on the upside
February’s budget execution surprised on the upside, surplus improved €975MnYoY to +€287M; +€2.3BnYtD vs. +€1.14Bn YtD/22; while the deficit vs. GDP on a trailing cash basis (last 12 months) is now: -1% vs. December/22: -1.5% and Feb/22: -2.8%.
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