DREM releases “In Focus” about the consequences of the COVID-19 pandemic in the Region
The Regional Directorate of Statistics of Madeira (DREM) celebrates on May 17, 40 years of existence as a regionalised government department. To mark the date, an “In Focus” about the consequences of the COVID-19 pandemic, mainly in the months of March and April is released today.
The main conclusions are summarised below:
Deaths - March figures below the last two years, unlike April
Health - Number of COVID cases per inhabitant in the Autonomous Region of Madeira is significantly lower than the national average
Labour market - Unemployment rate in the 1st quarter may have been conditioned by pandemic containment measures
Marketing of “Madeira” wine - EU market heavily penalised in March
Enterprises - More than half of the enterprises expect a reduction in turnover above 50%
Formed and dissolved corporations - Number of formed corporations in March was the lowest of the last 5 ½ years
Fuels released for consumption - Prices of the main fuel prices sank in April
Distribution of electricity - Sharp reduction in energy distribution since the 2nd half of March
Consumer Prices Index - Prices of food products and non-alcoholic beverages increased in April compared to the previous month
Multibanco Network - Negative results of March and April foreshadow a sharp drop in private consumption
Transport - Number of passengers in air, sea and land transport with pronounced decline in March
Tourism - Overnight stays close to a 50% drop in March.
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