Economic activity remained stable in the first week of November
In the first week of November, the country’s economic activity maintained a stable rate of change compared to the previous week, announced the Bank of Portugal this Thursday.
Economic activity in Portugal remained stable in the first week of November, with a rate of change in line with the previous week, according to the Bank of Portugal’s daily indicator of economic activity.
“In the first week of November, the daily economic indicator (DEI) points to a growth rate of economic activity in line with the observed in the previous week,” said the banking institution.
In the latest assessment referring to the last week of October, the DEI pointed to the stabilisation of the country’s economic activity compared to the previous week. The next analysis is scheduled for November 18.
As for the biennial rate, which compares economic activity this year with the same day in 2019 (i.e. before the pandemic), the DEI shows positive progress but remains on negative ground.
This indicator covers several dimensions correlated with economic activity in Portugal by summarising information on the following daily variables: road traffic of heavy commercial vehicles on motorways, electricity and natural gas consumption, cargo and mail landed at national airports, and card-based payments in Portugal by residents and non-residents.
