...
January 17, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – November External data – Current Account...
Summing up, the positive trend at Current Account remained in place in November, surplus as a % of GDP last 12 months, 2%; above 12MMA and in line with 3MMA. Goods account deficit stabilizing slightly below 9%; despite an expansionary...
January 16, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – December’s DEI...
Summing up, December’s DEI was reviewed strongly upwards to levels that confirm a performance of 4Q24 GDP, in line with past quarters (1.6% to 1.90%). Meanwhile BoP monthly Coincident Indicators, also released today...
January 13, 2025
António Seladas, CFA
António Seladas, CFA
CPI Portugal – December’s CPI: +3.0%YoY and Core +2.8%; above moving averages
Summing up, December’s headline inflation and core inflation increased to levels, 3.0% and 2.8%, respectively, above moving averages, mainly due to Services inflation at 4.6%YoY/+43bpMoM....
January 09, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The quarter finished on the weak side
Summing up, November and December were clearly on the weak side, the base effect partially explains the lack of momentum, however there’s doubts about 4Q24 GDP’s performance
Back See More
