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October 29, 2021
António Seladas, CFA
António Seladas, CFA
September’s retail sales are losing momentum, mainly we believe due to car sales
The Portuguese Statistic Institute (INE) has just released, September’s Retail Sales data.
October 28, 2021
António Seladas, CFA
António Seladas, CFA
October’s data stabilizes in Portugal and Euro Area at high levels
Economic Sentiment Indicator – October’s data stabilizes in Portugal and Euro Area at high levels; while the current constraints are not yet a problem.
October 27, 2021
António Seladas, CFA
António Seladas, CFA
Loans and Deposits in September, continue to grow, but slightly below moving averages
Summing up volumes, Loans and Deposits in September, continue to grow, but slightly below moving averages, while Overdue Loans ratios are close to historical low levels.
October 27, 2021
António Seladas, CFA
António Seladas, CFA
September’s Government data outperformed on the revenues side and underperformed on the expenditures
Portuguese Government figures – September data outperformed, namely on the Revenue side +6.6%YtD; as expenditures are under pressure, +4.7%YtD, namely “Current Transfers” +5.1%YtD and account for roughly 50% of expenditures.
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