The Portuguese economy presented an external surplus of 246 million euros until February, a drop of 488 million euros in the annual comparison, the Bank of Portugal (BdP) announced this Friday, 17th.
According to the central bank, this evolution was due to factors such as the reduction, of 215 million euros, in the services balance surplus, which “is explained, above all, by the increase in imports of transport services (+171 million euros), mainly maritime cargo transport”.
Furthermore, the deterioration also reflects the increase of 209 million euros in the goods balance deficit, resulting from a decrease in exports greater than that of imports and the reduction of 174 million euros in the secondary income balance surplus, associated, above all, with a greater financial contribution to the European Union.
The BdP also points out that the financing capacity of the Portuguese economy until February 2026 translated into a positive financial balance balance of 78.6 million euros.
“Insurance companies and pension funds and individuals were the sectors that contributed most to this positive balance, followed by other financial institutions and public administrations”, explains the BdP, while the central bank, banks and non-financial companies showed a reduction in liquid assets.
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