Charles. Companies report sharp declines in revenue

The Portuguese Confederation of Business (CIP) reports significant revenue declines in sectors like hospitality, retail, and transport due to the impact of Storm Charles. Many businesses experienced near-zero sales, with operational costs from activity interruptions exceeding storm damage. CIP's director emphasized that even a single day of halted operations leads to losses that are hard to recover. While teleworking mitigated impacts in some sectors, the effects on hospitality and transport were severe. CIP noted that preventive measures taken by authorities caused more disruption than the storm itself, although a definitive assessment is premature. They support government actions prioritizing human safety but advocate for future strategies that balance safety with economic continuity.