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August 22, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – August outperforms, after a softer July
DEI clearly recovered in August, +4.8%YoY vs. 4.3% the week before. Meanwhile the 3QtD is now at 2.9% vs. 2.4% before, as July was on softer, +2%YoY
August 20, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – June External figures – Tourism +10.8%YoY
Portugal – June External figures – Tourism +10.8%YoY; the virtuous circle remains in place
August 16, 2024
António Seladas, CFA
António Seladas, CFA
After a weaker July, August is, apparently, on track
Summing up: July’s Coincident Indicators released by the BoP showed a weakness over the month, Activity Coincident Indicator +1.2%YoY and Private Consumption: +1.8%YoY, both below 12MMA.
August 14, 2024
António Seladas, CFA
António Seladas, CFA
Portugal: 2Q24 gross earnings per employee increased on average 6.5%YoY vs. inflation close to 2.5%
Summing up, wage increases, over the 2Q24, reached 6.5%YoY, slightly above the 12MMA, while in real terms the gap vs. the core inflation is close to 4%. Strong data, that supports GDP growth based on private consumption.
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