In June 2021, the regional economy continued to accelerate
The Regional Indicator of Economic Activity (IRAE) indicates that, in June, the regional economic activity maintained the trend of acceleration of economic growth already evidenced in the previous month.
It should be recalled that in the corresponding month, the economy was heavily conditioned by the restrictive measures to combat the pandemic.
As mentioned in the first release of RIEA, in October 2017, its purpose is “to signal the behaviour of economic activity, namely concerning its direction and magnitude of fluctuations: whether it is on the positive or negative ground, the accelerations, decelerations and the identification of turning points”. Therefore, its quantitative value assumes secondary importance, not being a substitute for the volume change of the Gross Domestic Product - determined with a more varied and complete set of statistical information - although there is a strong correlation between the two variables.
Monthly Economic Indicators – June 2021
Together with the RIEA is published the Monthly Economic Indicators – June 2021, an instrument to monitor the economic climate and which includes the most recent data on regional economic activity.
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