Economic climate rises in May to a maximum of seven years – publico

                 

                         
                     

                 

 
                         

The economic climate indicator rose in May to a maximum of seven years following the rise started in January 2013, while the indicator of economic activity declined in April, after increasing in March, says the INE.

                     

                          Across the euro zone, confidence indicators and consumer economic sentiment recovered “slightly” in May.

According to the Economic Survey May the National Statistics Institute (INE) in April the Short Term Indicators (PCI) point to an increase in economic activity in industry and services sectors and a reduction in construction and public works.

But the quantitative indicator Private consumption registered an annual growth “more expressive” April mainly reflecting the acceleration of consumer durable component.

In the same month, the indicator Fixed Gross Capital Formation (GFCF) decreased due to reduced contribution the positive components of transport equipment and machinery and equipment.

In nominal terms, the INE realizes year change in April 8.2% of exports of goods and 7.4% of imports (3.8% and -1.4% in March).

The Institute notes that “these results may be partly influenced by working-day effect” since the quarter ending April registered two more working days than in the same quarter.

According to the monthly estimates of the Labour Force Survey, the unemployment rate (15-74 years), seasonally adjusted, rose from 13.2% in March to 13.0% in April, while the estimate of the employed population (15-74 years), seasonally adjusted, increased 0.5% from the previous month and 1.5% year on year.

The Consumer Price Index (CPI) showed a monthly year growth of 1.0% in May (0.4% in April), with 0.6% growth rates in the goods component (zero growth in the previous month) and 1.4% in services (1.0% in April).