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July 04, 2024
António Seladas, CFA
António Seladas, CFA
Deposits are growing faster, while Loans demand remains light
The recent past trend remained in place in May, Deposits keep growing above moving averages, mainly Individuals, in May +5.8%YoY; while the ratio Loans to Deposits is reaching a new low, 0.8186.
July 04, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator – June was on the weak side
The DEI, weekly average, released today, points to almost flat data +3.6%QtD, however June was reviewed downwards and April and May upwards. So, data remains volatile and inconsisten
July 04, 2024
António Seladas, CFA
António Seladas, CFA
Deposits are growing faster, while Loans demand remains light.
The recent past trend remained in place in May, Deposits keep growing above moving averages, mainly Individuals, in May +5.8%YoY; while the ratio Loans to Deposits is reaching a new low, 0.8186.
July 01, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: The budget execution remained poor.
The budget execution remained poor, deficit in a cash basis on May +€2.5BnYtD; +€3.3Bn vs. a surplus in May/23. Revenues are increasing 3.7%YtD, below the initial budget 7%; while costs +12.5%YtD are in line with the initial budget.
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