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September 29, 2021
António Seladas, CFA
António Seladas, CFA
August’s retail sales are calming down as the favourable base effects are fading.
The Portuguese Statistic Institute (INE) has just released, August’s Retail Sales data.
September 29, 2021
António Seladas, CFA
António Seladas, CFA
September’s data stabilizes in Portugal and Euro Area
September’s data stabilizes in Portugal and Euro Area; while the current energy crisis is not an issue yet
September 28, 2021
António Seladas, CFA
António Seladas, CFA
August’s Government data disappointed
Portuguese Government figures – August data underperformed, mainly because of early reimbursements made in July and VAT payments postponed to September. Even so the trailing deficit went up to 5.2% vs. July: 4.20%.
September 27, 2021
António Seladas, CFA
António Seladas, CFA
Loans and Deposits keep growing but at slightly slower rates
Summing up volumes, Loans and Deposits, continue to grow, but at slightly slower rates, namely Loans. Overdue Loans ratios remain historically at low levels, without warnings signals.
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