16-10-2018 - In July 2018, Madeira’s economy continued to slow down

In July 2018

Madeira’ economy continued to slow down

The Regional Economic Activity Indicator (IRAE) shows that, in July 2018, the economy grew at a slow pace and at a lower rate compared to the previous month. Due to its weight in the economy of the Region, the drop in tourism is affecting economic growth. It should be recalled that in July, the overnight stays fell by 4.4% in tourist accommodation as a whole (and by 7.3% in hotels). However, the variables that integrate the IRAE, which intend to represent the various components of the economy have decelerated in this month.

GR IRAE072018 EN

It should be noted that this indicator is a synthesis instrument whose objective is to facilitate the timely monitoring of the regional economy, in particular as regards to direction and magnitude of fluctuations, and does not present itself as a substitute for other official statistics, namely of annual rate of change of the Gross Domestic Product (GDP).

Monthly Economic Indicators – July 2018

Together with RIEA is published the Monthly Economic Indicators - July 2018, an instrument for monitoring the economic situation, which provides the most recent data on regional economic activity.

For more information, please click on:

RIEA - In Focus (Portuguese only)

International Statistical Cooperation

International Statistical Cooperation

Statistical Literacy

Newsletters

International Statistical Cooperation

International Statistical Cooperation

Statistical Literacy

Statistical Literacy