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August 21, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator
DEI’s average 3QtD remains negative (-0.5%), probably underestimating the economic activity, as was the case over the 2Q25.
August 14, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – 2Q25 gross earnings per employee increased on average 6.0%YoY vs. inflation around 2.5%
Summing up, average wage increases, over the 2Q25, 6.0%YoY; it remains surprisingly resilient, as inflation below 2.5%; points to real wages increasing above at 3.5%....
July 24, 2025
António Seladas
António Seladas
Portugal – DEI’s average 2Q25, +1.1%YoY vs. 1.0% the week before...
Summing up, DEI’s 2Q25 average data, was reviewed slightly upwards again, +1.1% vs 1% the week before; even so, remains lower than in prior quarters and volatile...
July 18, 2025
António Seladas,
António Seladas,
Portugal – May External data – Travel Account surplus is stabilizing
All in all, the deficit at Balance of Goods keeps increasing (+10.7%YoY in May and -9.3% of GDP), because of a strong domestic demand, despite Fiscal revenues are also outperforming...
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