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December 30, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – November non-Food sales finally slew down to only +1%YoY
Food sales in November remained in negative territory, while non-Food sales are finally coming down to only slightly positive, +1%YoY (mainly explained by car sales +39.4%YoY).
December 30, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - Government budget execution in November surprised negatively
Government budget execution in November surprised on the negative side mainly on the revenues side, -0.4%YoY, it was explained mainly by “Others”, however growth rates at Direct and Indirect taxes are slowing down to figures close to 5% or below.
December 23, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese 3Q22 Housing market
The housing market reached new record prices, in fact in real terms mortgage interest rates remain very attractive
December 22, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – November’s Coincident Indicators kept the adjustment trend
Economic Activity Coincident Indicator (EAI) and Private Consumption Coincident Indicator (PCI).
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