Portugal’s non-financial sector indebtedness rises to €782.5 billion in April
"In April, non-financial sector indebtedness (general government, corporations and households) increased by €5.1 billion, to €787.6 billion," announced the Bank of Portugal on Wednesday.
The country’s non-financial sector indebtedness rose to a total of €782.5 billion in April, according to data published by the Bank of Portugal (BoP) on Wednesday.
“In April, non-financial sector indebtedness (general government, corporations and households) increased by €5.1 billion, to €787.6 billion,” the BoP stated.
Looking at the public sector indebtedness, it rose by €4.4 billion in April. This reflects “the growth of the indebtedness to the external sector (€2.2 billion), financial sector (€1.6 billion) and general government (€1.1 billion), which was partially offset by the decrease of indebtedness to the households (€0.6 billion),” the BoP explained.
Private sector indebtedness (private corporations and household) increased by €0.7 billion to €432.6 billion, according to the central bank. While the private corporations’ indebtedness grew by €0.3 billion, “mostly due to the indebtedness to the external sector”, the households’ indebtedness rose by €0.4 billion, “due to the indebtedness to the financial sector”.
In April, total indebtedness of private corporations rose by 4.4% compared to the same month last year, corresponding “to an acceleration of 0.6 percentage points (pp) compared to the previous month”. Households’ indebtedness stabilised, rising 3.9% year-on-year, similar to the figure recorded in March.
