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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.
June 02, 2023
António Seladas, CFA
António Seladas, CFA
Portugal Economy: Government debt in April went slightly down to 113% of GDP
Summing up: Gross debt in April almost stabilized on a MoM basis, mainly because Deposits were almost flat at €23Bn and deficit in April on a cash basis was only €919Mn.
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