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July 11, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – July started on the weak side
The economy lost steam over the 2Q24 and is apparently, the weakness remained in place at the beginning of in July.
July 10, 2024
António Seladas, CFA
António Seladas, CFA
CPI Portugal – June’s CPI, +2.79%YoY and Core +2.36%; consolidating, but still above the 2%
Inflation and core inflation, 2.79%YoY and 2.36%YoY; respectively; in line with preliminary data and close to moving averages. Inflation data consolidating at low levels, Services also adjusting, 3.63%YoY
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
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