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 * Market Wrap: Lisbon Ends Almost Exactly Where It Started * Movers: Yesterday's Laggards Lead as Jerónimo Martins Slips * Business & Tech Focus: Novobanco Profit Falls, Farm Aid Brought
Rents on existing contracts look set to rise about 2.51% in 2027, up from 2.24% this year, based on the inflation figures behind the annual update coefficient. The INE will confirm the definitive value at the end of August.
Portugal registered 180,423 new vehicles between January and July, up 10.2% on last year, according to ACAP. Alternative-energy models took almost 75% of new car sales and pure electrics a quarter, though the industry warns the rebound still lags the ageing fleet's renewal needs.
From 1 August, the Banco de Portugal's revised rules cut the maximum debt-service-to-income ratio on new loans from 50% to 45%, narrow the exceptions banks can grant, and replace the average-maturity rule with age-based limits of up to 40 years for the under-35s.
📋 In This Edition * Market Wrap: Lisbon Reopens Higher * Movers: Jerónimo Martins and BCP Lead a Broad Advance * Business & Tech Focus: Anacom Targets Switching Failures, Sonnedix Lands €730M * Bonds, the Euro and
Overnight stays by foreign visitors fell 0.6% year on year in June, the first decline since October, though domestic travel and rising room rates kept revenue growing.
The debt ratio rose to 92.9% of GDP between April and June, up 1.9 points on the first quarter but still well below last year's level, Bank of Portugal figures show.
