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July 01, 2026
António Seladas, CFA
António Seladas, CFA
Portugal: May's job data – Employed population reached a record figure
Summing up, the job market in May strongly improved, Employed Population reached new highs, growing 2.8%YoY/+36bpMoM above the Active population performance, so unemployment rate went down to 5.54%; clearly below moving averages...
June 29, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: ESI in June improved, the second month in a row
Summing up, the Euro Area ESI (Economic Sentiment Indicator) and Portuguese data, improved in June, the second month in a row, mainly Services and Consumer confidence in EU and Consumer Confidence in Portugal, as industry remains in the doldrums...
June 29, 2026
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - May retail sales, volumes, +4.7%YoY, o/w Food: +2.4%
All in all, Retail sales data, volumes +4.7%YoY, below moving averages points to some weakness, namely non-Food, +6.7%YoY (Food: +2.4%YoY). However, retail sales, volumes growing around mid-single digit, after strong oil price increase and slightly..
June 23, 2026
António Seladas, CFA
António Seladas, CFA
Housing Market Portugal 1Q26 – Prices +17.8%YoY
Summing up, the housing market keeps outperforming, prices +17.8%YoY, well above price changes in Spain, +12.9% or Euro Area, +5.2%; nevertheless, price increases in Portugal are now slightly below moving averages. Finally, nº of transactions...
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