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November 13, 2023
António Seladas, CFA
António Seladas, CFA
CPI Portugal – October's CPI lower data is broad based
Lower inflation data remains in place and is broad based, even so core data is at 3.5%. The lower trend should remain in place at least until Feb/March next year, as the base effect would help.
November 09, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI remains on the weak side, but Positive YoY
The DEI remains on the weak side, but positive YoY, nevertheless, growing below 2%YoY. Actually, the moving average, slightly recovered over the last few days.
November 02, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – Daily Economic Indicator – The DEI remains weak
The DEI continues to lose momentum over the 4Q23, even that is apparently stabilizing at low levels. We should notice the DEI is volatile and often adjusted backwards.
November 02, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - September’s budget execution surprised positively
September budget execution surprised positively and basically compensated the negative execution in August. In fact, the two months together, generate an excess vs. 2022, of €110Mn.
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