The Regional Director for Support to the Investment and Competitiveness highlighted today the growth of the Azorean economy, considering that it has an impact on the creation of more and better paid jobs in the Region.
 
"The data released by the Regional Statistics Service of the Azores (SREA) show that the Economic Activity Indicator (EAI), which assesses the general state of the economy in the short term, registered a growth of 2.2% in the Azores in the month of September. It registered the same figure as in August, a month revised upwards," Ricardo Medeiros.
 
The Regional Director spoke in Pico da Pedra, municipality of Ribeira Grande, on the sidelines of a visit to J.A.M, a company recently created by a young entrepreneur. On the occasion, the government official expressed his satisfaction with these figures, noting that the August and September growth is the "highest since January."
 
"The growth in economic activity that continues to be visible in the Azores has an impact on job creation," Ricardo Medeiros said, noting that the Region currently has "the highest number of employees of the last 10 years and the largest working population ever."
 
The calculation of the EAI published by the Regional Statistics Service (SREA) takes into consideration the main sectors of activity in the Region. It is based on the statistical series: "Milk Delivered in Factories," "Slaughtered Cattle," "Unloaded Fish," "Energy Production," "Production of Dairy Products" and "Industrial Power Consumption."
 
Moreover, it also comprises statistical information on "Cement Sales," "Construction Workers," "Passengers landing in the Azores," "Overnight stays in Hotel Establishments," "Bank Credit Granted," "Number of Building Transactions" and "ATM Withdrawals."