Portugal’s non-financial sector indebtedness rises to €771.3 billion in January
According to the Bank of Portugal (BoP) on Monday, the country's non-financial sector indebtedness (general government, corporations and households) rose by €3.2 billion in January, to €771.3 billion.
The country’s non-financial sector indebtedness (general government, corporations and households) rose by €3.2 billion in January, to €771.3 billion, according to the Bank of Portugal (BoP) on Monday. In addition, the public sector indebtedness increased by €2.1 billion and the private sector indebtedness grow by €1.1 billion in January.
The public sector indebtedness (general government and public corporations) reached a total of €346.2 billion. “It is worth to emphasize the growth of the indebtedness to the external and financial sectors (€1.7 and €1.3 billion, respectively), which was partially offset by the decreased of indebtedness to the general government (€1.0 billion),” says the BoP in a statement.
As for the private sector indebtedness (private corporations and households), it increased by €1.1 billion, to a total of €425.0 billion. Private corporations’ indebtedness rose by €0.8 billion, “mainly due to external indebtedness (€0.9 billion)”.
Households’ indebtedness increased by €0.2 billion, mainly due to the indebtedness to the financial sector, as indicated by the institution led by Mário Centeno. This indicator has had a growing trend, particularly since February last year.
