...
June 03, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Budget execution and Debt over the 1Q24 under presssure
The budget execution remains poor, deficit on a cash basis in April €1.9Bn YtD and the worst performance on an annual basis (-€3Bn vs. April/23YtD), at least over the last 15 years (excluding 2021, due to Covid19).
May 31, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator – The Portuguese economy over the 2Q24 seems less volatile vs. the 1Q24, ho
The DEI, weekly average, released today points to May: 4.7% vs. 5.2% the week before and almost flat over the quarter at 4.4% (April was reviewed slightly upwards).
May 29, 2024
António Seladas, CFA
António Seladas, CFA
Portugal: April’s job data – The job market remains strong, unemployment rate at 6.3%, below moving
the job market remained strong in April, the unemployment rate at 6.32%; is below moving averages and close to record low levels. Probably, the only alarming signal is the Inactive population that has been growing for the last two quarters
May 29, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – April retail sales, volumes +1.4%YoY, o/w Food: -0.1% and non-Food: +2.7%
April retail raw sales data, volumes, +1.4%YoY; o/w Food: -0.1% (Easter in March) and non-Food: +2.7%YoY; shows a resilient economy, mainly leveraging on wages increasing above inflation.
Back See More
