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March 04, 2026
António Seladas, CFA
António Seladas, CFA
Portugal: January’s job data – The job market in January remained tightened, unemployment rate....
Summing up, the job market in January remained tightened, Active population growth is, apparently slowing down (+1.8%YoY, below moving averages), however fortunately Employed population also grew...
March 03, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - January's budget execution outperformed
A positive budget execution in January, surplus, €1.8Bn; +€188Mn than in January 2025; mainly due to Effective Revenues, +6.1%YtD vs. Effective Expenditures, +5.1%YtD...
March 02, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – January retail sales, volumes, +5.1%YoY, o/w Food: +5.1%...
Summing up, Retail Sales in January, volumes (without service stations and car sales):+5.1%YoY; o/w, Food: +5.1%, and non-Food +5.2%...
February 26, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: ESI in February, improved, but remains volatile
Summing up, the Euro Area ESI in February, slightly adjusted -100bpMoM, after a strong January, even so data remains above the moving averages, so the smooth upwards trend remains in place. Meanwhile, in Portugal data remains volatile...
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