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January 04, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry November – The environment remains strongly positive to the sector
Summing up, the environment remains very positive to the sector; even so we should expect Loans volumes to underperform in the coming months, while Overdue Loans ratio should increase, however it will depend on the unemployment rate
January 02, 2023
António Seladas, CFA
António Seladas, CFA
Portugal Economy: Government debt in November almost in line with YE22 Government’s target
Gross Government’s Debt in November outperformed -17bp MoM and 115.7% of GDP almost in line with Government’s target 115.4%, while net Debt slightly underperformed +7bpMoM.
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.
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