Fundos imga




September 19, 2025
António Seladas
Portugal – Consumption remains the key driver of growth...
Portugal – Daily Economic Indicator – DEI’s average over the 3Q25 remains weak. Meanwhile, August Coincident Indicators show a more consistent picture…
Portugal – Consumption remains the key driver of growth...



September 18, 2025
António Seladas
Portugal – July External data – Travel Account surplus grew 8.6%YoY, above moving averages…
Summing up, External data outperformed again in July, a seasonal important month, due to the performance of Travel Services Account, surplus, +8.6%YoY, above moving averages. Meanwhile, Balance Goods’ abnormal deficit, -9.6% of GDP...
Portugal – July External data – Travel Account surplus grew 8.6%YoY, above moving averages…



September 11, 2025
António Seladas, CFA
Portugal – Daily Economic Indicator – DEI’s average 3QtD was reviewed...
Summing up, DEI’s 3QtD average data, was reviewed upwards and is now more aligned with macro hard data that has been released, namely, retail sales...
Portugal – Daily Economic Indicator – DEI’s average 3QtD was reviewed...



September 10, 2025
António Seladas, CFA
CPI Portugal final data – August’s CPI: 2.76%YoY, Core 2.44%; o/w...
The Portuguese Statistic Institute has just released, August’s CPI final data and its subcomponents (unfortunately, we could not comment yesterday, sorry for any inconvenience).  
CPI Portugal final data – August’s CPI: 2.76%YoY, Core 2.44%; o/w...



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