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October 10, 2025
António Seladas, CFA
António Seladas, CFA
September's CPI: Services inflation slowed down to 3.6%
CPI Portugal final data – September’s CPI: 2.40%YoY, Core 1.97%; o/w - Services inflation, 3.56% and Goods: 1.55%. Services inflation adjusted, so positive news. Finally, Telecommunications prices are coming down (-1.41%YoY/-126bpMoM)...
October 02, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, August...
Summing up, August’s banking data was in line with the recent quarters, time deposits interest rates coming down...
October 02, 2025
António Seladas, CFA
António Seladas, CFA
Budget execution and Gvernment debt in August keep performing
Quick Comment: the budget execution, keeps performing, surplus on a cash basis +€2.01Bn YtD (until Augusts) vs. a surplus of €524Mn in 2024 (until August), mainly due to Effective Revenues +8.0%YtD, above Effective Expenditures, +6.1%YtD...
October 01, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – August retail sales, volumes, +4.9%YoY, o/w Food: +4.6% and non-Food: +5.2%....
Summing up, Retail Sales in August, volumes: +4.9%YoY, below moving averages, o/w, Food: +4.6% and non-Food +5.2%. Still robust data, balanced between Food and Non-Food, even so adjusting from higher figures over the last four months...
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