INE signals a "less intense" reduction in economic activity in July
According to the Economic Summary of Conjuncture
According to the Economic Summary of Conjuncture
In June, income decreased by 88,5%
In the Algarve, cancellations reached 78,9%
This was the quarter in which there was the biggest drop ever in Portuguese GDP in year-on-year terms compared to the previous year
These data from INE do not specify unemployment figures by region
In May, around 69,7% of tourist accommodation establishments will have been closed or had no movement of guests
Overall, the Algarve's performance is not much better in the 2018 Regional Development Composite Index
Consumer confidence reached the lowest value since May 2013.
INE warns that the information in this highlight does not yet reflect the current situation determined by the Covid-19 pandemic
Algarve also occupies the “podium” in terms of the highest poverty rate
Tourism in the Algarve grew across the board in September