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November 02, 2022
António Seladas, CFA
António Seladas, CFA
September's job data – The job market lost steam, as the unemployment rate increased 10bpMoM
Portugal: September’s job data – The job market lost steam in September, only +10bpMoM at the unemployment rate to 6.10%; even so seems to be the first signals of a less robust market in line with ECB desires to calm down inflation.
October 31, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – September non-Food sales continue to perform : +8.1%YoY.
Consumers in September remained upbeat, deflated Retail sales: +3.4%YoY; of which deflated non-Food sales +8.1%YoY; while deflated Food sales remained depressed -1.3%YoY. Internet deliveries outperformed +19.4%YoY (in Spain remained poor).
October 28, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator - Portuguese October's data remains on the weak side
Portuguese Economy: Economic Sentiment Indicator – Portuguese and EU October’s data remains on the weak side, however apparently stabilizing at low levels.
October 28, 2022
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - September’s Government budget execution surprised on the upside
Portuguese Economy - September’s Government budget execution surprised again on the upside (Revenues: +8.2%YoY and 16.1%YtD vs. Expenditures: +0.4%YoY and -0.1%YtD). Meanwhile, 2022 budget deficit should finish close to nil.
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