Monthly Economic Survey, June 2015, INE

Page created: Friday, 17 July 2015 14:15GMT | Updated: Friday, 17 July 2015 16:32GMT

Press Release:  17 July 2015 - 3 Page(s)
Consumption  Exports  Imports  Investment

In June, the consumer confidence and the economic sentiment indicators slightly decreased in the Euro Area. In the same month, the raw materials and oil prices presented monthly change rates of -0.8% and -4.6%, respectively (1.1% and 4.1% in May).

In Portugal, the economic activity indicator stabilized in May, while the economic climate indicator, already available for June, recovered. In May, the Short-Term Statistics revealed an activity increase in industry and a decrease in some sectors of services and in construction and public works. The private consumption indicator presented a less intense year-on-year growth rate in May, reflecting the deceleration of both components, mainly the non-durable consumption component. In the same month, the Gross Fixed Capital Formation (GFCF) indicator diminished, due to the reduction of the construction and the machinery and equipments positive contribution, especially in the first case. Concerning the international trade of goods, exports and imports recorded year-on-year nominal change rates of 8.0% and 11.0% in May, respectively (8.2% and 7.7% in April).

Accordingly, to the provisional monthly estimates of Labour Force Survey, the seasonally adjusted unemployment rate (15 to 74 years old) was 13.2% in May (12.8% in April). The employed population (15 to 74 years old), seasonally adjusted, diminished 0.5% comparing with previous month and increased 0.4% comparing with May 2014.

The year-on-year change rate of the Consumer Price Index (CPI) was 0.8% in June (1.0% in May), with a change rate of 0.5% in the goods component (0.6% in the previous month) and 1.2% in the services component (1.4% in May).

Original title:  Private consumption and Investment decelerated in May. Nominal Imports of goods accelerated and Exports decelerated - June 2015