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The Portugal Brief

The Portugal Brief

Banking

Banco de Portugal's Décade-Long Audit Squeezes Crédito-Habitação Spreads to 0.89 Points in 2024 — A Third of the 2.68 Points Banks Charged in 2014 With 90% of New Contracts Below 1%

A Banco de Portugal audit puts Portugal's average crédito-habitação spread at 0.89 percentage points in 2024 — a third of the 2.68 points banks charged in 2014. Nearly nine in ten new contracts were written at sub-1% spreads as competition and liquidity pushed the structural margin down.

Economy

Pordata's Wednesday 27 May Read off Eurostat Sets the Portuguese Working Week at 37.4 Hours — 1.5 Hours Above the 35.9-Hour EU Average and Sixth Among the 27 Member States as the Reforma Laboral and 3 June Greve Geral Reopen the Carga-Horária File

Pordata's Wednesday 27 May read off Eurostat 2025 data fixes the Portuguese working week at 37.4 hours — 1.5 hours above the 35.9-hour EU-27 average and sixth-most among the 27 Member States. Bulgaria leads at 39.0h, the Netherlands sits at 32.1h. Adjacent reads also bracket the file.