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November 28, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – After a stronger October, November is adjusting
Summing up, November keeps underperforming, after a surprising October, even so reasonable data, November: +2.5%YoY and +4.7%4QtD. Nevertheless, the Portuguese economy remains volatile, nevertheless stronger than the Euro Area…
November 28, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator November...
Summing up, the Euro Area ESI remains on the doldrums. Industry improved sequentially from a low base, however Services and Consumer Confidence are suffering. Portugal, keeps surprising, improved sequentially, the 3rd month in a row, not linked...
November 21, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – After a stronger October, November is adjusting...
Summing up, November is showing less momentum than October, November month to date; 3.2%YoY (average) vs. October stronger data, +6.6%. Even so, as interest rates are coming down and fiscal policy remains expansionary (expenditures growing...
November 19, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – September External data – Figures keep outperforming
In a nutshell, External data in September kept the positive trend, Current Account Balance surplus, last 12 months, 1.8% of GDP, a record figure. Services continue to outperform, surplus +8.4%YoY and 10.9% of GDP, as Tourism revenues continue...
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