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November 29, 2021
António Seladas, CFA
António Seladas, CFA
November’s data slightly increased in Portugal and adjusted in Europe
November’s data slightly increased in Portugal and adjusted in Europe, even that Consumer Sentiment is under pressure.
November 26, 2021
António Seladas, CFA
António Seladas, CFA
Loans and Deposits are growing in line with moving averages
Loans and Deposits volumes in October grew in line with moving averages, while Overdue loans ratios remain stable at low levels.
November 26, 2021
António Seladas, CFA
António Seladas, CFA
October’s Government data was mixed as revenues outperformed (10%YoY)
October’s data was mixed, as Revenues outperformed +10%YoY; however Expenses continue to underperform +6.4%YoY and 4.9%YtD; so the deficit was flat YoY and is just minus €650MnYtD, despite higher Revenues +7%YtD.
November 19, 2021
António Seladas, CFA
António Seladas, CFA
Travel Balance improvement almost offset Trade Balance deterioration
Consumption is driving GDP improvement with a negative impact on the trade balance deficit.
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