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January 02, 2024
António Seladas, CFA
António Seladas, CFA
Portuguese Economy: Gross Government debt should finish the year between 1% and 2% above GDP
Net debt, after Deposits was flat MoM in November and -61bp YoY, which is an historical result, a decrease in absolute terms on yearly basis, the performance should improve in December.
January 02, 2024
António Seladas
António Seladas
Portuguese Economy - November’s budget surplus: +€6.4BnYtD, a record number
All in all a strong execution again in November. Effective Revenues +10.4%YtD vs. Initial budget 9.2% and Effective Expenditures +5.8%YtD vs. initial budget +8.5%.
December 29, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy – Volumes Retail sales in November surprised
November volumes retail sales data surprised, +2.6%YoY; Food: +2.8% and Non-Food: 2.3%; in general above moving averages.
December 27, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator continues to surprise, pointing to a strong December and 4Q23
The DEI continues to surprise. The base effects partially explains the strong figures, even so the economic activity is outperforming, showing an unexpected resilience.
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