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May 03, 2023
António Seladas, CFA
António Seladas, CFA
Portugal: March’s job data
Portugal: March’s job data – Unemployment rate was flat MoM at 6.9%, while the number of people employed remains at historical high levels
May 02, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - March retail sales growth remained positive
Portuguese Economy - March retail sales growth was positive (+0.4%YoY; meanwhile February was reviewed upwards to positive).
May 02, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - March budget trailing defict remains close to 1% of GDP
March’s budget execution, surplus of €2.6Bn vs. a deficit of €390Mn one year ago, strongly benefitted from a non-recurrent transfer; €3.02Bn; CGD’s pension fund. Excluding this extraordinary item, that does not account in terms of budget execution.
April 28, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator – April data
Summing up, the Euro Area ESI is apparently consolidating and the same seems true regarding Portugal, even that Industry is underperforming. Nevertheless, the visibility is low and is still unclear the impact from higher interest rates.
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