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Industry Turnover Index registered a 33.1% dropp in April after a 9.0% reduction in March
Business turnover, employment, wage and hours worked indices in industry
Industry Turnover Index registered a 33.1% dropp in April after a 9.0% reduction in March - April 2020
08 June 2020

Summary

The industry turnover index registered a nominal year-on-year change of -33.1% in April (-9.0% in the previous month). The reduction in turnover was particularly pronounced in the grouping of investment goods, which registered a variation of -64.7% after -26.0% in March. The indices for the domestic and non-domestic markets decreased by 26.4% and 42.5% (reductions of 5.6% and 13.5% in March, respectively).
Employment and salaries indices decreased 2.8% and 6.1%, respectively (variations of -1.1% and +3.2% in March, in the same order). In hours worked1 index the reduction was more intense, reaching 23.9% (-4.9% in March).

The information in this press release, referring April 2020, reflects probably the situation determined by the pandemic COVID-19, either in economic behavior either in the amount of data for compilation of results presented. We call for the best collaboration by firms, households and public entities in answering, despite the present difficulties, to Statistics Portugal. The quality of official statistics depends crucially on this collaboration, which INE thanks in advance.


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