The Bank of Portugal published updated statistics on non-financial sector indebtedness for April 2025, showing a EUR 4.4 billion month-on-month increase to EUR 829.5 billion. The increase was driven by the public sector, while private sector indebtedness was broadly unchanged. Of the total, EUR 459.9 billion related to the private sector (private companies and households) and EUR 369.6 billion to the public sector (general government and public companies). Public sector debt rose by EUR 4.4 billion, mainly due to higher external indebtedness (+EUR 2.2 billion) linked to non-resident purchases of Portuguese public debt securities, and higher indebtedness vis-à-vis general government (+EUR 1.7 billion) reflecting increased deposit liabilities with the Treasury; smaller increases were recorded vis-à-vis households (+EUR 0.4 billion), mainly through subscriptions of savings certificates, and vis-à-vis non-financial companies (+EUR 0.1 billion). Private sector indebtedness increased by EUR 0.1 billion overall, with private companies down EUR 0.9 billion primarily due to lower indebtedness to the rest of the world (-EUR 1.0 billion), while household debt rose EUR 0.9 billion, mainly through housing credit. On an annual basis, private companies’ indebtedness increased 0.8% year on year (down from 1.3% in the prior month) and household indebtedness rose 5.4%. The next update is scheduled for 23 July 2025.

Original source View in tracker