Portugal's economy explained: GDP data, market trends, business developments, inflation, real estate, and economic policy. Analysis of how economic trends affect daily life and expat finances.
📋 In This Edition * The Energy Trade That Rescued Lisbon on Tuesday Sank It on Wednesday * Portugal's Ten-Year Yield Goes to a 2023 High, and the Spread Widens Again * Portuguese Banks
Maastricht debt fell 7.55 billion euros in July to 286.34 billion, the lowest since March. Net of government deposits it fell only 0.2 billion: the Treasury spent a cash pile it had already built to repay the bond.
The Título Digital de Exploração Industrial for the Alba project is handed over at the Sines complex on Wednesday morning. The two units make polypropylene and linear low-density polyethylene, and Repsol's own project page still promises a start-up in the fourth quarter of 2025.
DGERT's July report puts notified procedures up about 13 percent to 375, the highest January to July count since 2020. Workers actually dismissed fell 11.4 percent to 4,055. Micro and small firms filed 279 of the 375; Lisbon and the Tagus Valley 221.
📋 In This Edition * Lisbon Was One of the Few European Markets That Went Up * Portugal's Twenty-Year Yield Is Back Where It Was in 2017 * The 2027 Budget Already Owes 776
Statistics Portugal put the industrial production index down 1.4 percent year on year in July, after 1.6 percent in May and 1.1 percent in June. Manufacturing fell 2.7 percent and investment goods 3.1 percent, while GDP, retail sales and employment all kept growing.
GDP rose 0.8 percent in chain and 2.5 percent year on year in the second quarter. Net external demand was decisive; investment growth fell from 10.4 percent to 5.7 percent. Economists say the slowdown came while the recovery plan was still spending.
