Service production prices rose 3.2% year-on-year in the second quarter, an increase of 0.8 percentage points compared to the previous quarter. The sectors contributing most to this rise were administrative and support services, as well as real estate, both recording 5.1% annual growth, while the hospitality and restaurant sector saw a 10% price increase compared to the previous quarter.
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Prime Minister Luís Montenegro met with Portuguese MEPs in Strasbourg to discuss EU budget challenges and potential cuts to community funds. The discussion focused on Portugal's contribution to the EU budget compared to other member states, with participants from various parties finding common ground on the need to protect social development models in the upcoming budget negotiations.
Data from Idealista shows that 88% of rental listings in Portugal are priced up to €2,300, a segment that has seen a 13% increase in available properties compared to 2025. However, the average size of these properties has decreased by 12%, with smaller T1 apartments gaining market share at the expense of larger units, particularly in major cities like Lisbon and Porto.
The European Central Bank (ECB) intends to fund the digital euro's central infrastructure and will not charge transaction or system fees to users. The digital euro is designed as a payment method rather than an investment product, meaning it will not accrue interest and will have holding limits, currently debated in the range of 500 to 3,000 euros. Payments exceeding individual holdings can be linked to commercial bank accounts to cover the difference.