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March 14, 2024
António Seladas, CFA
António Seladas, CFA
Portugal - Daily Economic Indicator and Coincident Ind. are pointing to an upbeat 1Q24 GDP
The DEI remains resilient, actually, after a lower performance in January, average weekly data has improved in February and March, current data: +5.5%QtD vs. 5.3%YoY and 4.8%YoY, in the prior two weeks respectively.
March 12, 2024
António Seladas, CFA
António Seladas, CFA
CPI Portugal – February’s CPI, +2.07%YoY in line, however Services +4.5% are resilient
reading time: 3 mins Summing up, inflation and core inflation are receding (+2.07%YoY and 2.11%), however prices at Services around 4.5%YoY remain resilient. Several price increases at Services supported on last year average inflation justify the cu
March 07, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI outperformed in February
The economy, according to DEI, behaved strongly in February, after a weaker January. In fact current average performance QtD: +5.3%YoY (4.8% the week before) is pretty much in line with the 4Q23: +5.4%
March 04, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, January – Finally the sector reduced the remuneration on time-deposits
Finally, the industry acknowledged, that would need to decrease time-deposits remuneration, as the liquidity in the system is plenty.
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