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September 29, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - Retail sales in August: Non-Food: -1%YoY; finally negative!
August retail sales (volumes) finally recorded weaker figures +0.7%YoY; more in line with our expectations and mainly due to Non-Food sales (-1%YoY) as Food sales (+2.5%YoY) is benefitting from the base effect.
September 28, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Index – The DEI slew down over the 3rd week of the month
Portugal – Daily Economic Indicator – The DEI slew down over the 3rd week of the month (close to flat), after two strong weeks, even so the Quarter should finish around +1% growth
September 21, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Index – The DEI is outpeforming in September +4.5%YoY
Portugal – Daily Economic Indicator – The DEI is outperforming in September, average +4.5%YoY, while past data was revised upwards
September 21, 2023
António Seladas, CFA
António Seladas, CFA
Housing Market Portugal 2Q23 – The housing market remains buoyant, prices +8.7%YoY
Housing Market Portugal 2Q23 – The housing market remains buoyant, prices +8.7%YoY; while the nº of transactions are slowing down
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