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March 01, 2024
António Seladas, CFA
António Seladas, CFA
Volumes retail sales in January, suffered from the base effect, despite still positive growthite sti
The base effect partially explains the performance in January, as volumes Retail sales +1.3%YoY (Jan/23: +2.7%YoY), Non Food +0.9%YoY (Jan/23: +6.3%YoY) and Food +1.8% (Jan/23: -1.4%YoY).
March 01, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - January surplus €1.2Bn, was the second worst January over the last six years
January surplus €1.17Bn, was the second worst January over the last six years. Meanwhile, Government debt increased €7Bn MoM, as December figure was abnormally low.
February 29, 2024
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI has improved over February
Summing up: According to the DEI, the economy has improved over February, after a weaker January, not showing signals of weakness.
February 29, 2024
António Seladas, CFA
António Seladas, CFA
Portugal: January’s job data – Employed population close to a record level, 5Mn
Summing up – the job market remains sound, Employed population is close to a historical figure 5Mn, however Active population continues to increase and so unemployment rate remains stable at 6.5%.
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