Economic activity in Portugal registers "sharp reduction" in March

in News · 20-04-2020 12:12:00 · 0 Comments

Economic activity in Portugal saw a “sharp reduction” in March, with economic climate and consumer confidence indicators reaching lows since December 2014 and February 2016, respectively, released on 20 April the INE.

According to the March Economic Synthesis of the National Statistics Institute (INE), “the economic climate indicator registered the greatest reduction in the series from February to March, reaching the minimum value since December 2014” and the consumer confidence indicator "registered a significant reduction compared to the previous month, the largest since September 2012 and reaching the minimum value since February 2016”.

“This evolution was mainly due to expectations regarding the evolution of the country's economic situation, which registered the minimum value since December 2013” ??following the crisis generated by the covid-19 pandemic, he says.


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