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July 03, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – DEI’s average 2Q25tD: -0.4%YoY; remains negative
Summing up, DEI’s average data remains on negative territory, 2QtD: -0.4%YoY vs. -0.3% the week before. Data has been ambiguous, as other data, namely retail sales, indicates a stronger quarter.
July 01, 2025
António Seladas, CFA
António Seladas, CFA
Budget execution in May keeps improving, however...
A strong performance of budget execution, surplus +€597MnYtD (until May) vs. a deficit of €2.5Bn in 2024 (until May)...
July 01, 2025
António Seladas, CFA
António Seladas, CFA
Portugal: May's job data – The job market stabilizerd at record levels...
Summing up, the job market in May stabilized at record levels, while Active population and Employed population keep growing in tandem, close to 2.5%YioY; so, stabilizing the unemployed people close to 350 000 and unemployment rate at 6.3%.
July 01, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – May retail sales, volumes, +5.5%YoY, o/w Food: +5.2% and non-Food: +5.8%. Posit
Summing up, Retail Sales in May volumes: +5.5%YoY, above moving averages o/w, Food: +5.2% and non-Food +5.8%. Strong sales data in May, in sharp contrast with other measures of economic activity that point to a weaker quarter. Nevertheless, positive
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