Foreign direct investment in Portugal falls 1.6 pct from January to July

19 October 2006

Lisbon, Portugal, 19 July – Foreign direct investment (FDI) in Portugal fell 1.6 percent between January and July, against the same period of 2005, to 14 billion euros, according to figures from the Portuguese Ministry of Economy and Innovation.

The figures showed that manufacturing industries continued to attract the most investment, at a time when financial activities had managed to increase their importance in FDI.

The European Union was once again the main investor in Portugal, with particular emphasis on the United Kingdom, France, Germany and Spain.

In terms of Portugal’s investment abroad, the figures showed that this fell 22.9 percent year on year between January and July , to 2.27 billion euros, which was mainly applied in real estate, hiring and services to companies in the Euro Zone.

The main destination countries were Spain, Brazil, the USA, the United Kingdom and France. (macauhub)