5 things that will mark the day

On the day of the Ecofin meeting, the European Union will release the flash consumer confidence indicator for June, while the Bank of Portugal will release data on bond issuances. This Friday is also the deadline for expressing interest in artificial intelligence gigafactories, on the same day that the National Statistics Institute will show how prices in industrial production have evolved.

Ecofin meets again

The finance ministers of the 27 EU Member States will meet again this Friday. Topics on the table include the reform of the customs union, Bulgaria's adoption of the euro and energy prices. The Council of Finance Ministers of the European Union (Ecofin) will also seek to adopt recommendations on national medium-term budgetary-structural plans and may adopt decisions and recommendations under the excessive deficit procedure, as well as adopt implementing decisions to approve the amended recovery and resilience plans that have been submitted by eight Member States.

How is European consumer confidence evolving?

The European Union is releasing its flash consumer confidence indicator for June this morning. In May, the flash estimate for the consumer confidence indicator rose by 1.4 percentage points in both the EU and the euro area, partially reversing the significant losses of the previous month.

Banco de Portugal releases data on bond issuances

The Banco de Portugal (BdP) will release data on securities issuances for the month of May. The securities issuance statistics (primary market) include information on securities issued (listed shares and debt securities) by resident entities, in the domestic and foreign markets, in their various components (net issuances and stock). Data on public administration financing will also be released.

INE reveals industrial production data

The National Statistics Institute (INE) will also release this Friday the Industrial Production Prices Index for the month of May. According to Eurostat, industrial production prices increased by 0.7% in the eurozone and 0.6% in the European Union (EU) in April, with Portugal recording the second largest drop (-2.4%) in the year-on-year comparison .

Deadline for expressing interest in AI gigafactories ends

The deadline for responding to the expression of interest in artificial intelligence (AI) gigafactories ends this Friday, in response to the European Commission's ambition to install seven AI centers in Europe. PortugalDC and Banco de Fomento submitted a national application.