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August 09, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator and Coincident Indicators – DEI has improved over the 3Q24
DEI continues to improve; July: 2%YoY vs. 1.7% the week before, even so figures remain lacklustre
August 02, 2024
António Seladas, CFA
António Seladas, CFA
July’s data, over the week, improved slightly vs. the weeks before
DEI showed a small improvement in July vs. the weeks before. However, data remains fragile, July, +1.7%YoY; is the weakest month, at least since Oct/23. Apparently, the summer will be below expectations.
July 31, 2024
António Seladas, CFA
António Seladas, CFA
Unemployment rate went 26bpMoM to 6.76%, while other measures are showing weakness
Unemployment rate 6.76%, +26bpMoM; while the broad concept also underperformed. Finally Inactive population keeps increasing, while yearly growth rates of Employed population and Active population are slowing down.
July 25, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator and Coincident Indicators – The month of July has shown some improvement
Recent data at DEI shows an improvement, 0.6%MtD vs. -0.4% the week before. The month performance is improving after a weak start, even so, data remains, in general, weak.
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