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May 18, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – 1Q26 salaries +5.2%YoY; smoothly adjusting
Summing up, average wage increases, over the 1Q26, 5.2%YoY; below 12MMA, 5.6%; meanwhile, March increase, 5.0%YoY, was the lowest figure since December 2022. Real wages remained close to 3%; however last inflation data is impacting real wages...
May 15, 2026
António Seladas, CFA
António Seladas, CFA
Portugal – April Private Consumption Indicator adjusted sharply
Portugal – April Coincident Indicators adjusted, namely Private Consumption, +2.2%YoY; well below moving averages and the weakest figure in more than three years. Meanwhile, the DEI (Daily Economic Index), 2QtD (average) at 0.5%...
May 13, 2026
António Seladas, CFA
António Seladas, CFA
April's CPI: Headline at 3.4%, but Core data at 2.2%
CPI Portugal final data – April CPI: 3.4%YoY/135bpMoM, above moving averages, however Core inflation data remains soft, at 2.2%YoY, slightly above moving averages...
May 05, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - March's budget execution remained on the weak side
Government Debt increased in March €471Bn MoM to €283.2Bn; around 91.1% of GDP (target YE26: 87.5%), in line with 3MMA and below 12MMA. Meanwhile, the budget execution in March (YtD), surplus €209Mn, roughly -€1,399Mn than in Mar/25...
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