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December 21, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator maintains a strong momentum over the quarter, namely December
The DEI continues to surprise, the weekly average figure, 4QtD, is now at 5.3%YoY vs. last week 4.9% and two weeks ago 4.3%.
December 20, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – October External figures – Tourism sector continues to outperform
Tourism revenues continue to outperform, in October Travel surplus +18.1%YoY and Services surplus 10.5% of GDP, last 12 months, while Goods account deficit remains close to double digit and increased in October 17.5%YoY
December 14, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator is surprising while the Coincident Indicators are adjusting
The DEI remains resilient, the weekly average figure, 4QtD, is now at 4.9%YoY vs. last week 4.3% and two weeks ago 4.2%
December 14, 2023
António Seladas, CFA
António Seladas, CFA
CPI Portugal – November’s core CPI went down to 2.9%YoY; inflation is slowing down
positive data, core inflation at 2.86%YoY; below 3% for the first time since Jan/22. The base effect should continue to help until March/24, even so the underlying trend is also weakening.
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