...
September 18, 2025
António Seladas
António Seladas
Portugal – July External data – Travel Account surplus grew 8.6%YoY, above moving averages…
Summing up, External data outperformed again in July, a seasonal important month, due to the performance of Travel Services Account, surplus, +8.6%YoY, above moving averages. Meanwhile, Balance Goods’ abnormal deficit, -9.6% of GDP...
September 11, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – DEI’s average 3QtD was reviewed...
Summing up, DEI’s 3QtD average data, was reviewed upwards and is now more aligned with macro hard data that has been released, namely, retail sales...
September 10, 2025
António Seladas, CFA
António Seladas, CFA
CPI Portugal final data – August’s CPI: 2.76%YoY, Core 2.44%; o/w...
The Portuguese Statistic Institute has just released, August’s CPI final data and its subcomponents (unfortunately, we could not comment yesterday, sorry for any inconvenience).
September 04, 2025
António Seladas
António Seladas
Portugal – DEI’s average 3QtD25 is, probably, underestimating the economic activity
Portugal – Daily Economic Indicator – DEI’s average 3QtD remains negative (-0.8%), however it should be underestimating the GDP growth…
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