Funchal Taking the Lead in Record Invoicing
Exciting news on the economic front! Companies have recently achieved an all-time high in their invoicing, as reported in the latest issue of Diario Noticias.
The combined business volume soared past an impressive 9 billion euros, with Funchal contributing a substantial 73.5% to the overall invoicing record.
Construction Industry on the Rise
What's particularly noteworthy is the construction industry’s performance, marking its most prosperous year since 2011.
The surge in construction activity has been a driving force behind the overall increase in business volume, indicating robust growth and resilience in the region's economy.
What does that mean?
The record in company invoicing is generally a positive sign for the economy. It can have a myriad of reasons and implications. To name a few:
Less black market activity and corruption.
Stronger Demand from the Consumer side
Increased Investment into Infrastructure & Industry
Strong Export Industry
Prices in sectors like the Construction Industry are likely to increase
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