Coincident indicators for economic activity and consumption rise again in December

The indicator for economic activity increased to -6,4 points, from -6,7 points recorded in November and the coincident indicator for private consumption also increased again to -2,1 points from -3,6 points recorded in the previous month, says Banco de Portugal.

Cristina Bernardo

The coincident monthly indicators for economic activity and private consumption increased again in December, compared to the previous month, following the trajectory that started in August, Banco de Portugal (BdP) announced this Friday.

The indicator for economic activity increased to -6,4 points, from -6,7 points recorded in November and the coincident indicator for private consumption also increased again to -2,1 points from -3,6 points recorded in the last month.

According to the BdP, the coincident indicators are “composite indicators that seek to capture the underlying evolution of the annual variation of the respective macroeconomic aggregate”.

Therefore, he says, they have a “smoother profile and are not intended to reflect, at each moment of time, the evolution of the annual rate of change of the respective aggregate of National Accounts”.

This behavior conditions the reading of the indicators in moments of inflection of the series.

The BdP also points out that the past values ​​of the coincident indicators, as well as the respective inflection points, can be revised due to either statistical revisions of the basic information or due to the incorporation of new information.

 

Read more

Recommended

Anacom studies prove that mobile internet performance is worse in rural areas

With the use of teleworking and distance learning, following the state of emergency due to the covid-19 pandemic, the topic of Internet access has been on the agenda, with several complaints about the difficulties in some regions of the country in access 'online'.

Minister of Economy: "We will obviously have to reinforce support for companies and employment"

Pedro Siza Vieira announced this Saturday night in a radio interview that the Support Program will be strengthened and extended. The measures will be announced next week.

Covid-19: PCP wants 100% support for parents “immediately and with retroactive effects”

Speaking at a public session in Lisbon, Jerónimo de Sousa lamented that “PS, PSD and CDS-PP” rejected in the Assembly of the Republic the proposal of the PCP that provided “the payment of 100% salary to those who are assisting children until at 16, while schools remain closed ”, due to the Covid-19 pandemic.
Comments