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September 27, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator September – Data in Euro Area remained depressed...
Summing up, in September the Euro Area ESI remained weak, -30bpMoM, almost flat with the moving averages, mainly due to Industry that current data remains below weak moving averages.
September 26, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – September is improving
The average DEI has improved over the month, +1.6%YoY vs. +0.8% last week and negative data two weeks ago.
September 20, 2024
António Seladas, CFA
António Seladas, CFA
Housing Market Portugal 2Q24 – Prices +7.8%YoY/+3.9%QoQ and volumes +10,4%YoY/+12.2%QoQ
Summing up, the housing market is regaining steam, 2Q24 prices +7.8%YoY/+3.9%QoQ and No. of Transactions +10.4%/+12.2%QoQ (non-residents -2.8%YoY/+19.2%QoQ).
September 19, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – July External figures – Services +10.9%YoY, while Travel only +9.3%YoY
In a nutshell, the positive trend at the Payments Account remained in place in July. The Current Account surplus, last 12 months in percentage of GDP, +2.3%; is above the moving averages, actually is at a record level, at least, for the last 15 years
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