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April 02, 2024
António Seladas, CFA
António Seladas, CFA
February’s job data – Employed population at 5Mn, a record figure
Employed and Active population are at or above 5 million people, a record figure. The slightly uptick on the unemployment rate, +10bp to 6.7% is mainly from an increase on the Active population above the Employed population.
April 02, 2024
António Seladas, CFA
António Seladas, CFA
Gross Government in February close 100% of GDP, but not sustainable
February’s budget execution, released Thursday evening points to a surplus of €785Mn YtD, -1,556Mn than the same period last year.
April 02, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – Volumes retail sales in February, +3.5%YoY
February’s retail raw sales data, volumes +3.5%YoY; outperformed mainly due to February’s additional day and was mainly Food, +5.9%YoY; as non-Food: +1.6%YoY, disappointed.
March 28, 2024
António Seladas, CFA
António Seladas, CFA
Daily Economic Indicator – The DEI lost steam, over the last few days
The DEI (Daily Economic Index) lost steam over the last few days, March’s data: 7.2%YoY vs. 8.4% the week before, even so the impact over the quarter is smaller, +5.9% vs. 6% the before.
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