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Economy

Economy

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.

Conselho de Ministros Drops the Seven-Working-Day Pre-Approval Rule for PPR and PRIIPs Advertising on Thursday 14 May — Six-Month Validity Survives the Reform as Insurers Move to a Communicate-First Notification Regime

Conselho de Ministros Drops the Seven-Working-Day Pre-Approval Rule for PPR and PRIIPs Advertising on Thursday 14 May — Six-Month Validity Survives the Reform as Insurers Move to a Communicate-First Notification Regime

Council of Ministers approved Thursday a diploma that strips the seven-working-day prior-approval gate for PPR and PRIIPs advertising. Insurers and banks move to a communicate-first notification regime; six-month message validity and supervisor ex-post powers survive.
The Portugal Brief
Portuguese Hotels Book 13.6 Million Overnight Stays in Q1 2026 — Total Revenue Tops €1 Billion (+5.5%), Non-Residents Account for 68% of the Total and Madeira Leans on Foreign Markets for 85.9% of Its Stays

Portuguese Hotels Book 13.6 Million Overnight Stays in Q1 2026 — Total Revenue Tops €1 Billion (+5.5%), Non-Residents Account for 68% of the Total and Madeira Leans on Foreign Markets for 85.9% of Its Stays

INE's Q1 2026 tourism destaque puts hotel guests at 5.8 million (+1.5%) and overnight stays at 13.6 million (+1.3%). Total accommodation revenue tops €1 billion (+5.5%), rooms alone €734.5 million (+5.1%). Non-residents carry 68% of stays; Madeira leans on foreign demand for 85.9%.
The Portugal Brief
INE Registers Q1 2026 Average Gross Monthly Earnings at €1,611 — Real Wages Outpace Inflation by 2.7%, Agriculture Tops the Sector Table at 10.0% and High-Technology Manufacturing Lands the Second Print at 7.2%

INE Registers Q1 2026 Average Gross Monthly Earnings at €1,611 — Real Wages Outpace Inflation by 2.7%, Agriculture Tops the Sector Table at 10.0% and High-Technology Manufacturing Lands the Second Print at 7.2%

INE's Q1 2026 earnings destaque puts gross monthly average at €1,611, a 5.0% nominal lift and a 2.7% real-terms gain after the CPI deflator. Agriculture leads the sector table at 10.0%, high-tech manufacturing at 7.2%, and firms with 10–19 employees post the steepest 6.0%.
The Portugal Brief
INE's Q1 2026 Quarterly LFS Bumps Unemployment to 6.1% After 38,700 Net Job Losses in Three Months — Subutilização Tips to 10.2%, Youth Joblessness Eases to 19.1%, Long-Term Unemployed Reach 35.6% as the Trabalho XXI Debate Opens at São Bento

INE's Q1 2026 Quarterly LFS Bumps Unemployment to 6.1% After 38,700 Net Job Losses in Three Months — Subutilização Tips to 10.2%, Youth Joblessness Eases to 19.1%, Long-Term Unemployed Reach 35.6% as the Trabalho XXI Debate Opens at São Bento

INE's Q1 2026 quarterly LFS lifts unemployment to 6.1% — up 0.3pp on Q4 and the first interruption in a year-long descent. Economy shed 38,700 net jobs in three months, subutilização tipped to 10.2%, 588,000 inside the underutilisation perimeter, youth jobless down to 19.1%, long-term at 35.6%.
The Portugal Brief