Saturday , May 21 2022

Low economic activity in September and the economic climate stabilizes in October – Observer


The economic activity indicator available until September decreased and the economic climate was stabilized in October, due to a reduction in the quantitative indicator of private use, which today revealed the Institute of National Statistics (INE). According to the INE, "the economic activity indicator, which is available until September, has decreased and the economic climate indicator, which is available until October, has stabilized."

In proportion to this was the quantitative indicator of private use, which was interrupted in September, reflecting a less positive positive contribution of resilient and non-conservative components. "

In the same line, the Gross Fixed Capital Form (GFCF) also had a death in September, according to the INE, which is justified by "the least expressive positive contribution of construction components and machinery and equipment". On the other hand, "exports and imports introduced from year to year were changes of 6.1% and 7.3% in September, respectively (8.8% and 13.1% in August)."

"Given the economic activity in terms of production, turnover indices in industry and degraded services and industry production index, there was a reduction in homologous terms," ​​indicating the INE, also pointing out that "production index in the build has accelerated in September ".

That organization said that the downward trend was also registered in the euro zone, where, in October, "the consumer confidence indicator and the indicator of the economic feeling rejected". In the same month, "raw material and oil prices showed a chain variation of 1.6% and 4.3%, respectively (-2.5% and 7.9% in September)," according to INE.

During the first quarter of this year, the year-round change in the GDP in the euro area was 1.7%, after the registration of 2.2% in the previous quarter. In Portugal, the GDP grew 2.1% in the third quarter of this year, following a 2.4% increase in the previous quarter.

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