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June 27, 2024
António Seladas, CFA
António Seladas, CFA
The economy lost momentum over the quarter
The DEI, weekly average, released today, points to June: 2.7%YoY; May 3.8% and April:3.6%. So the economy has lost momentum over the quarter and apparently performed below 1Q24
June 27, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: ESI - Data shows lack of momentum
In June the Euro Area ESI recorded a small adjustment -20bp MoM, broad-based, figures are in line with moving averages but below long-term averages.
June 24, 2024
António Seladas, CFA
António Seladas, CFA
Housing Market Portugal 1Q24 – Prices stilll increasing +7%YoY
The positive trend on prices in the Portuguese housing market over the 1Q24 remained in place (+7.0%YoY), however the number of transactions continue to adjust,
June 19, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – April External figures – Services/Travel grew below averages, probably due to Easter effe
Summing up, Current account surplus in April, +2.3% of GDP last 12M; above moving averages.
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