MAY 2022 44 Operations carried out on ATM (value) • The overall value of national withdrawals, payments for services, and purchases at automatic payment terminals (ATM) of the Multibanco network grew by 26.1% (29.9% in March); • The Consumer Confidence indicator increased, after the sharp decline registered in March already in the context of the war against Ukraine. Investment The Gross Fixed Capital Formation indicator slowed down in February and March, more so in the last month, interrupting the acceleration observed in the four previous months. The evolution registered in the last month resulted mainly from the marked decrease in the positive contribution of Construction. Transport equipment also recorded a lower positive contribution, while Machinery and equipment recorded a slightly more negative contribution. External environment of the Portuguese economy In the 1st quarter of 2022, GDP in volume increased year-on-year by: • 5.1% in the Euro Area (4.7% in the 4th quarter of 2021); • 5.2% in the European Union (4.9% in the 4th quarter of 2021). In April 2022, in the Euro Area: • The economic sentiment indicator decreased, mainly reflecting the deterioration of confidence indicators in Retail Trade, Construction, and Industry; • The consumer confidence indicator registered a slight reduction, after the sharp fall recorded in March, while remaining unchanged in Services. More information is available at: Monthly economic survey – April 2022 18 May 2022 26.1 -60 -40 -20 0 20 40 60 Apr-06 Apr-08 Apr-10 Apr-12 Apr-14 Apr-16 Apr-18 Apr-20 Apr-22 y-o-y rate/%
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