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November 30, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – October non-Food sales continue to surprise +7.7%YoY
Portuguese Economy – October non-Food sales continue to surprise +7.7%YoY, while Food sales are consolidating at negative figures -2.7%YoY. Consumers remain resilient despite the headwinds.
November 29, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator - Portuguese November's ESI adjusted slightly
Portuguese Economy: Economic Sentiment Indicator – Portuguese November’s ESI adjusted slightly, however the Euro Area improved marginally, definitely positive news.
November 28, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - October’s Government budget underperformed due to the one off measures
October’s Government budget underperformed due to extraordinary measures to mitigate the sharp increase on prices. Nevertheless,the deficit in 2022,should finish below €1Bn,irrelevant in terms of GDP,and clearly outperforming the Government’s target.
November 18, 2022
António Seladas, CFA
António Seladas, CFA
Portugal September External figures – Travel Account surplus is at record levels, 6.4% of GDP
Portugal September External figures – Travel Account surplus is at record levels, 6.4% of GDP, even so the Current Account remains negative, close to 2%; as the Goods Account deficit is consolidating above 10%.
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