Fundos imga




June 18, 2026
António Seladas, CFA
Portugal – April External data – Travel keeps balancing the external figures
In a nutshell, external data in April, was almost flat monthly, Current Account surplus at 0.99% of GDP (LTM), slightly below moving averages...
Portugal – April External data – Travel keeps balancing the external figures



June 12, 2026
António Seladas, CFA
CPI Portugal final data
Inflation data is consolidating around 3MMA, which is positive. Apparently the second order effects are under control, while the slightly tightening bias regarding the monetary policy is positive.  
CPI Portugal final data



June 05, 2026
António Seladas, CFA
Portuguese Banking Industry, April – Loans volumes are accelerating
Summing up, April’s banking data maintained the positive trend, while, Loans growth is accelerating, +8.1%YoY, above moving averages, o/w: Corporates: 4.9%YoY; Mortgages: 10.3% and Consumption & Other Purposes: 8.3%...
 Portuguese Banking Industry, April – Loans volumes are accelerating



June 01, 2026
António Seladas, CFA
Portuguese Economy - April's budget execution is now a defict of €1.5BnYtD
Government Debt, after deposits of public Administration, was almost flat in April(MoM) at €263Mn, while according to Maastricht definition (before deposits), increased roughly €3.9BnMoM to €287Bn, around 91.8% of GDP (target YE26: 87.5%)...
Portuguese Economy - April's budget execution is now a defict of €1.5BnYtD



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