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June 02, 2025
António Seladas, CFA
António Seladas, CFA
Budget execution in April keeps outperforming, however Debt...
Budget execution until April remains positive, +€134MnYtD; +€2.1Bn vs. 2024. Effective Revenues: +9.9%YtD, mainly due to lower reimbursements, IRS and VAT, while Effective Expenditures only +3.3%YtD, mainly due to a high base effect...
June 02, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - April Retail sales: +5.5%YoY o/w Food +10.6%YoY
Portuguese Economy – April retail sales, volumes, +5.5%YoY, o/w Food: +10.6% and non-Food: +0.6%. In April Portuguese consumers bought mainly Food, explained by Easter…
May 29, 2025
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – DEI’s average 2Q25tD: -0.3%YoY, remains negative...
DEI’s average data remains in negative territory, 2Q25tD: -0.3%YoY; data is not adjusted and often reviewed, even so, it could be related with lower tax reimbursements.
May 27, 2025
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Economic Sentiment Indicator, May...
Summing up, the Euro Area ESI in May slightly recovered from low figures in the prior month and is now in between 3MMA and 12MMA; Industry and Consumer Confidence slightly improved; however the general environment is consolidating at low levels...
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