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Posted by nelson on August 08, 2017

Portugal’s economic turnaround has been reinforced by data showing that in the first six months of this year, 25,847 new business started operating - a 7.6% increase on numbers for the same time last year.

The total translates into three new companies starting for every one that has closed operations.

Indeed, business closures are down 2.6% on the same period last year.

Figures are supplied by Dun & Bradstreet.

Looking at sectors more closely, the highest increase in business growth came in property sales, with at least five new agencies opening for every one that closed.

Construction too is on the up, with new companies increasing last year by 16.5%.

Insolvencies too are down on figures for last year: 23.6% less than in 2016, translating into 1638 cases.

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