Portugal’s economic indebtedness shrinks to €763.9 billion in August
According to the Bank of Portugal, the country's non-financial sector indebtedness (general government, corporations and households) decreased by €0.3 billion in August, down to €763.9 billion.
Portugal’s non-financial sector indebtedness fell by €0.3 billion in August 2021, down to €763.9 billion, according to data released on Thursday by the Bank of Portugal (BoP).
“In August, non-financial sector indebtedness (general government, corporations and households) decreased by €0.3 billion from the previous month, to €763.9 billion,” the banking institution said in a statement published on Thursday.
Despite the public sector indebtedness (general government and public corporations) having remained at €346.5 billion, the Bank of Portugal stated that “there was a recomposition of the financing sectors, with emphasis on the €1.7 billion decrease of external indebtedness and on the €1.4 billion increase of indebtedness to the financial sector.”
Private sector indebtedness (private corporations and households) decreased by €0.3 billion to €417.4 billion. As for Private corporate indebtedness, it decreased by €0.7 billion and households’ indebtedness rose by €0.4 billion. “In both cases, the variation in indebtedness was mainly to the financial sector.”
In the case of private corporations, the mining and manufacturing industries and trade were those that contributed the most to indebtedness, followed by real estate activities and electricity, gas and water companies.