Portugal’s non-financial sector indebtedness rose to €794.4 billion in August
From the €794.4 billion, €355.9 billion are related to the public sector and €438.4 billion to the private sector.
The non-financial sector indebtedness (general government, corporations and households) rose by €0.5 billion to €794.4 billion in August, according to data published Monday by the Bank of Portugal (BoP). From this amount, €355.9 billion are related to the public sector and €438.4 billion to the private sector.
Public sector indebtedness fell by €0.7 billion due to “a reduction of the indebtedness towards the external sector and the households (€1.0 billion and €0.4 billion, respectively),” explains the central bank adding that the indebtedness to the financial sector and general government increased.
In the opposite direction, the private sector indebtedness rose by €1.2 billion, a growth, according to the Bank of Portugal, explained by “the increase of private corporations’ indebtedness (€0.8 billion)”. The private corporations increased the indebtedness towards the external sector by €1.3 billion while decreasing near the financial sector by €0.4 billion. The households’ indebtedness also climbed by €0.4 billion, mainly towards the financial sector.
“In August, the total indebtedness of private corporations grew by 2.6% compared to August 2021, which corresponded to an acceleration of 0.9 percentage points (pp) compared to the previous month,” says the central bank.
