...
June 20, 2023
António Seladas, CFA
António Seladas, CFA
Portugal April external figures – Current Account continues to benefit from Tourism
Services/Tourism kept in April the positive trend, while the Balance of Goods is slightly improving (less negative), so the Current Account is almost balanced (-0.35% of GDP last 12 months).
June 16, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Economy - The economy remained resilient in May
Portuguese Economy – The economy remained resilient in May, while the first weeks of June showed a slowdown, however seems mainly the impact from a moving holiday
June 15, 2023
António Seladas, CFA
António Seladas, CFA
Portugal – May’s CPI went down to 4%YoY, as VAT reduction helped roughly 80bp
Summing up, price increases are slowing down, +4%YoY; VAT reduction helped, roughly 80bp; however even Core inflation is slowing down (5.44%YoY).
June 07, 2023
António Seladas, CFA
António Seladas, CFA
Portuguese Banking Industry, April – The banking environment for the 3RD quarter in a row remains better than ever
In a nutshell, the banking sector environment remains better than ever, as the NIM is close to record levels, while Overdue Loans ratios stay at low levels in line with the low unemployment rate.
Back See More
