In November, the consumer confidence and the economic sentiment indicators slightly recovered in the Euro Area (EA). In the same month, the raw materials and oil prices presented monthly change rates of -3.2% and -4.3%, respectively (1.4% and 1.6% in October).
In Portugal, the economic activity indicator, available for October, and the economic climate indicator, already available for November, diminished. In October, the Short-Term Statistics revealed an activity decrease in industry, construction and public works and in some sectors of services. The private consumption indicator presented a slightly more intense year-on-year growth rate in October, mainly reflecting the behaviour of the non-durable consumption component. The Gross Fixed Capital Formation (GFCF) indicator increased, due to the positive contribution of the transport material and the machinery and equipment components, more intense in the first case. Concerning the international trade of goods, exports and imports recorded year-on-year nominal change rates of 0.3% and -1.2% in October, respectively (3.1% and 0.0% in September).
Accordingly with the provisional monthly estimates of Labour Force Survey, the seasonally adjusted unemployment rate (15 to 74 years old) stabilized in 12.4% in October (13.5% in October 2014). The employed population estimate (15 to 74 years old), seasonally adjusted, presented an increase of 0.9% comparing with October 2014 and a nil change rate comparing with previous month.
The year-on-year change rate of the Consumer Price Index (CPI) stabilized at 0.6% in November, presenting a -0.1% change rate in the goods component (nil change rate in the previous month) and a growth rate of 1.8% in the services component (1.6% in October).