PDE - Excessive Deficit Procedure 2022 - 2nd notification for 2023

Food sales by large multiple retailers presented in August a year-on-year monthly change rate of 3.38%, at constant prices, and 13.27% at current prices.

In July 2023, the Azorean Economic Activity Indicator stood at 2,4%.

The Private Consumption Indicator for the Azores recorded a year-on-year positive variation of 3.3% in July.

Azorean tourism accommodation sector (hotels and similar establishments, tourism in rural areas and lodging tourism and local accommodation) registered 509.0 thousand overnight stays in July 2023.

In August 2023, in the Azores, 1 118 tons of fish were unloaded at auction, with a total value of 4.1 million euros.

The average inflation rate in the Azores got down to 6.05%, in the country it was 6.82%. The annual rate was 3.22% in Azores and the national was 3.72%. The monthly rate was -0.40% in Azores and 0.32% in the country.

In August 2023, 285,023 passengers landed at airports in the Azores, with a positive variation of 9.7% in relation to the same month of the previous year.

According to IT- Açores, Hotel, Rural Tourism and Local Accommodation overnight stays were 495.0 thousand in July.