In November 2024

Confidence indicators in the Manufacturing Industry, Construction and Public Works, and Services sectors decreased, while in the Trade sector there was an increase

According to data collected by the Regional Directorate of Statistics of Madeira (DREM) through Qualitative Business Surveys (QBS), it was observed that, in November 2024, confidence indicators in the Manufacturing Industry, Construction and Public Works, and Services sectors declined compared to the previous month, whereas in the Trade sector, there was an increase.

The confidence indicator for the Manufacturing Industry decreased in November, after rising in October. This evolution of the indicator was driven by negative contributions from production prospects and assessments related to finished goods stocks, while opinions on the evolution of overall demand contributed positively. The balance of expectations regarding selling prices increased from September to November, after declining in August.

In the Construction and Public Works sector, the confidence indicator decreased in November, following increases in September and October. This recent evolution reflected the negative contributions from assessments of the order book and employment prospects. The balance of price expectations for the company in the upcoming three months rose in November, after declining in October.

In the Trade sector, the indicator increased in November, after decreasing in the two preceding months. The evolution of the indicator in October resulted from positive contributions from sales volume and assessments of business activity prospects, while stock volume contributed negatively. The balance of expectations for future price changes increased in November, after having decreased in October.

In the Services sector, the indicator declined from July to November, counteracting the upward trend that began in January. This evolution of the indicator was due to negative contributions from opinions on the past evolution of the order book and assessments of business activity, which were insufficiently offset by positive contributions from demand evolution prospects. The balance of service price expectations increased in November, after declining from July to October.

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