Portugal’s non-financial sector indebtedness falls to €793.7 billion in October
From this amount, €353.1 billion is related to the public sector and €440.6 billion to the private sector.
The non-financial sector indebtedness (general government, corporations and households) decreased by €0.5 billion to €793.7 billion in October, according to data published Wednesday by the Bank of Portugal (BoP). From this amount, €353.1 billion is related to the public sector and €440.6 billion to the private sector.
Public sector indebtedness fell by €4.9 billion due to “reductions towards the financial sector (€4.1 billion) and the external sector (€2.5 billion),” explained the central bank adding that the indebtedness of the public sector towards general government and households increased by €1.0 billion and €0.7 billion, respectively.
As for the private sector indebtedness, it decreased by €0.1 billion, a decline, according to the Bank of Portugal, explained by “the decrease of private corporations’ indebtedness by €0.2 billion”. The indebtedness of private corporations decreased towards the financial sector (€1.3 billion) but increased towards the external sector (€1.1 billion). At last, households’ indebtedness increased by €0.1 billion, essentially towards the financial sector.
“In October, total indebtedness of private corporations grew by 2.8% compared to October 2021, which corresponded to a deceleration of 0.1 percentage points (pp) compared to the previous month,” stated the central bank.