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November 14, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator and Coincident Indicators...
Summing up, the economy keeps performing, namely according to October’s data. The monthly Coincident Indicators, just released, are showing that is mainly consumption, which shouldn’t surprise, as salaries are increasing faster than inflation. Salari
November 14, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – 3Q24 gross earnings per employee increased on average 6.3%YoY vs. inflation around 2.5%
Summing up, average wage increases, over the 3Q24, was 6.3%YoY; is slightly coming down, in September only 6%; even so, real wages remain above 3.5%; as inflation is around 2.5%; supporting private consumption and fuelling inflation, namely...
November 13, 2024
António Seladas, CFA
António Seladas, CFA
CPI Portugal October – Services at 4.3%YoY remains intense
umming up, inflation and core inflation are consolidating at current levels, 2.3% and 2.6%, respectively. Meanwhile Services inflation at 4.3% remains robust, slightly above moving averages, while Goods inflation at 0.9% is in line with moving averag
November 07, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – October, according to the DEI, outperformed
Summing up, October was, according to the DEI a strong month, +6.6%YoY, clearly above past data. Meanwhile, the first days of November were weaker.
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