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June 18, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – April External data – Current Account Balance outperformed in April, mainly due to Easter…
Summing up, the Current Account Balance improved in April, mainly due to Easter effect. Surplus in April, last 12 months, 1.6% of GDP; o/w Goods Balance deficit 9.3% of GDP (last 12 months) and Services...
June 12, 2025
António Seladas, CFA
António Seladas, CFA
May's CPI: Inflation consolidating slightly above 2%...
CPI Portugal final data – May’s CPI: 2.26%YoY, Core 2.24%; o/w - Services inflation, 3.98% and Goods: +1.01%; shows inflation consolidating slightly above 2%, almost in line with ECB’s target…
June 12, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – DEI's average data over the 2Q25 remains abnormally weak...
Summing up, DEI’s average data remains abnormally weak, 2QtD: -0.3%YoY vs. flat the week before.
June 05, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – DEI’s average 2Q25tD: 0%YoY, remains on the weak side...
Summing up, DEI’s average data remains weak, 2QtD: 0%YoY; even so, data has been reviewed upwards. Less IRS reimbursements should be weighing on the current activity.
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