PDE - Excessive Deficit Procedure 2023 - 1st notification for 2024

In the Azores, bank card purchases using POS reached a total value of 133,1 million euros in February, a year-on-year increase of 12.1%. Withdrawals at ATM reached an amount of 43.5 million euros, a year-on-year decrease of 2.2%.

Food sales by large multiple retailers presented in February a year-on-year monthly change rate of +7.35%, at constant prices, and +11.86% at current prices.

In January 2024, the Azorean Economic Activity Indicator stood at 1,3%.

In February 2024, in the Azores, 385.1 tons of fish were unloaded at auction, with a total value of 2.5 million euros.

The Private Consumption Indicator for the Azores recorded a year-on-year positive variation of 0,6% in January.

Azorean tourist accommodation sector (hotels and similar establishments, lodging tourism and local accommodation and tourism in rural areas) registered 117.5 thousand overnight stays in January 2024.

The average inflation rate in the Azores got down to 3.96%, in the Country it was 3.33%. The year-on-year monthly change rate was 1.65% in Azores and the National was 2.07%. The monthly rate was -0.24% in Azores and 0.03% in the Country.

In Febuary 2024, 114,338 passengers landed at airports in the Azores, with a positive variation of 9.9% in relation to the same month of the previous year.

According to IT-Açores, Hotel, Local Accommodation and Rural Tourism overnight stays were 117.5 thousand in January.