AUGUST 2022 Monthly Statistical Bulletin ISSN 0032-5082
2022 Edition 2 MONTHLY STATISTICAL BULLETIN Title Monthly Statistical Bulletin - 2022 Editor Instituto Nacional de Estatística, I.P. Av. António José de Almeida, 2 1000 - 043 LISBOA PORTUGAL Telefone: 21 842 61 00 Fax: 218 454 084 President of the Board Francisco Lima Design and layout Instituto Nacional de Estatística, I.P. Monthly publication Multithemes Digital Edition ISSN 0032-5082 Statistics Portugal on the Internet www.ine.pt © Statistics Portugal, Lisbon. Portugal, 2022 Creative Commons Attribution 4.0 International (CC BY 4.0)
AUGUST 2022 3 MONTHLY STATISTICAL BULLETIN Contents Industrial production index – June 2022 Business turnover, employment, wages, and hours worked in Industry – June 2022 Employment statistics – 2nd quarter of 2022 Labour market flow statistics – 2nd quarter of 2022 Monthly Employment and Unemployment Estimates – July 2022 New housing construction costs index – June 2022 Indices of production, employment, and wages in construction – June 2022 Interest rates implicit in housing loans – July 2022 Income and living conditions – 2021 - Housing deprivation Survey on bank evaluation on housing – July 2022 International trade statistics – June 2022 Business turnover, employment, wages, and hours worked in services – June 2022 Consumer price index – July 2022 Industrial production price index – July 2022 CPI/HICP, Flash Estimate – August 2022 Labour cost index – 2nd quarter of 2022 Gross monthly earnings per employee – 2nd quarter of 2022 Portuguese household finance and consumption survey - 2020 Vital statistics – monthly data, July 2022 Tourism activity – June 2022 Tourism Activity, Flash Estimate - July 2022 Air transport flash statistics – June 2022 Monthly economic survey – July 2022 Business and consumer surveys – August 2022 Business turnover, employment, wages, and hours worked indices in retail trade – August 2022 Quarterly National Accounts – 2nd quarter of 2022 Agricultural forecasts 4 6 8 11 13 15 16 17 18 20 21 22 23 25 26 27 29 31 33 35 38 40 42 45 47 48 50
2022 Edition 4 MONTHLY STATISTICAL BULLETIN Industrial Production Index (year-on-year rate of change) Total Industrial Production Index (year-on-year rate of change) Investment goods Industrial Production Index (year-on-year rate of change) Consumer goods IPI - Total and Main Industrial Groupings (year-on-year rate of change) In June, the year-on-year rate of change concerning the industrial production index was 3.7% In June 2022, year-on-year: • The industrial production index (IPI) recorded a rate of change of 3.7% (3.0% in the previous month); • Excluding Energy, the rate of change was 7.0% (4.7% in May); • The rate of change concerning Manufacturing industry stood at 6.7% (4.0% in the previous month); • The major industrial groupings that compose the IPI recorded disparate developments. As in the previous month, only Energy registered a negative rate of change. 3.7% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22 Jun-22 Jun-21 Aug-21 Oct-21 Dec-21 Feb22 Apr-22 Jun-22 4.3% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22 Jun-22 16.1% -30.0% -25.0% -20.0% -15.0% -10,0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% - -10.6% 16.1% 6.0% 4.3% 3.7% -5.1% 4.4% 3.1% 6.5% 3.0% Energy Investment goods Intermediate goods Consumer goods Total May. 2022 Jun.2022
AUGUST 2022 5 Industrial Production Index (year-on-year rate of change) Intermediate goods Industrial Production Index (year-on-year rate of change) Energy IPI - Total and Main Industrial Groupings (month-on-month rate of change) In May 2022, compared to the previous month: • The IPI registered a rate of change of -1.5% (-0.5% in the previous month); • Investment goods was the only grouping that recorded a positive month-on-month rate of change: 5.5%. In the 2nd quarter of 2022, the aggregate index increased by 1.7% year-on-year (in the 1st quarter, this rate of change had been -2.1%). More information is available at: Industrial production index – June 2022 1 August 2022 Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22 Jun-22 6.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22 Jun-22 -10.6% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% -0.3% 5.5% -1.1% -5.4% -1.5% -10.0% 2.3% 1.3% 1.4% -0.5% Energy Investments goods Intermediate goods Consumer goods Total May 2022 Jun 2022
2022 Edition 6 MONTHLY STATISTICAL BULLETIN Industry Turnover Index (year-on-year rate of change) Total Industry Turnover Index - Major industrial groupings (year-on-year rate of change) Industry Turnover Index (year-on-year rate of change) Consumer goods Industry Turnover Index (year-on-year rate of change) Intermediate goods Industry turnover grew by 31.5% In June 2022, compared with the same month the previous year: • The Industrial Turnover Index (ITI) registered a nominal rate of change of 31.5% (29.1% in the previous month), influenced by the significant increase in industrial prices (25.7% in the month in question); • Excluding Energy, industrial sales increased by 24.2% (24.3% in May); • The indices concerning the domestic and foreign markets increased by 27.2% and 37.5%, respectively (26.2% and 33.3% in the previous month, in the same order). 31.5% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% Jun-22 Mai-22 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Abr-22 60.4% 44.6% 23.6% 15.0% 49.3% 15.3% 30.7% 20.7% May-22 Jun-22 Energy Investment goods Intermediate goods Consumer goods 19.7% 14.4% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% Durable goods Non-Durable goods Jun-22 Mai-22 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Abr-22 23.6% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% Jun-22 Mai-22 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Abr-22
AUGUST 2022 7 Industry Turnover Index (year-on-year rate of change) Investment goods Industry Turnover Index (year-on-year rate of change) Energy Employment, Wages, and Hours worked Index (year-on-year rate of change) Industry Employment Index (year-on-year rate of change) Total Industry Employment Index (year-on-year rate of change) Hours worked In June 2022, the following year-on-year rates of change were also recorded in indices for the industry sector: • +2.9% concerning employment; • +6.4% regarding wages and salaries; • +2.5% in hours worked (adjusted for calendar effects). In June 2022, the ITI presented a month-on-month rate of change of +0.4% (-1.4% in June 2021). In the 2nd quarter of 2022, the industry turnover recorded a year-on-year increase of 26.5% (21.9% in the previous quarter). More information is available at: Business turnover, employment, wages, and hours worked in the industry – June 2022 9 August 2022 44.6% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% Jun-22 Mai-22 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Abr-22 60.4% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% Jun-22 Mai-22 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Abr-22 2.5% 6.4% 2.9% 5.2% 7.8% 3.2% Hours worked Wages and salaries Employment May-22 Jun-22 2.9% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% Jun-22 Mai-22 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Abr-22 2.5% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Jun-22 Mai-22 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Abr-22
2022 Edition 8 MONTHLY STATISTICAL BULLETIN The unemployment rate decreased to 5.7% in the 2nd quarter of 2022 Unemployment rate Unemployment rate by NUTS II region, 2nd quarter of 2022 In the 2nd quarter of 2022: • The unemployed population, estimated at 298,800 people: » It decreased by 3.1% (9.6 thousand) compared to the previous quarter; » It decreased by 13.6% (46.9 thousand) compared to the 2nd quarter of 2021; • The following population groups contributed to the year-on-year rate of change concerning the unemployed population: » People aged 16 to 24: -25.9 thousand (-32.8%); » Unemployed for less than 12 months: -44.5 thousand (-23.3%); » People who have completed secondary or post-secondary non-tertiary education: -28.7 thousand (-21.9%); » Persons seeking a new job: -49.3 thousand (-16.1%); » Women: -24.0 thousand (-13.4%); • The unemployment rate was estimated at 5.7%1, which represents: » -0.2 percentage points (p.p.) compared to the previous quarter; » -1.0 p.p. vis-à-vis the same period of 2021; • The unemployment rate was higher than the national average in three of the NUTS II regions: Região Autónoma da Madeira, Área Metropolitana de Lisboa, and Região Autónoma dos Açores; 1 This unemployment rate refers to the age group 16 to 89 years (according to current International Labour Organization concepts). The unemployment rate for the quarter centred on May 2022 (corresponding to the 2nd quarter of 2022), published in the June 2022 Monthly Employment and Unemployment Estimates release (released on 29-7-2022), was calculated for the age sub-group 16-74 years (according to the Eurostat release). This rate (not seasonally adjusted) stood at 5.8%. 5.7% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 2Q2013 2Q2014 2Q2015 2Q2016 2Q2017 2Q2018 2Q2019 2Q2020 2Q2021 2Q2022 7.3% 6.8% 5.9% 5.7% 5.5% 5.3% 5.2% 4.4% RA Madeira AM Lisboa RA Açores Portugal Norte Algarve Centro Alentejo
AUGUST 2022 9 Employment rate • The employed population (4,901.8 thousand people) remained virtually unchanged from the previous quarter and increased by 1.9% (91.3 thousand) compared with the same period in 2021. • The rate of change regarding the employed population was mainly influenced by the increases in the following groups: » People with tertiary education: 119.6 thousand (+7.3%); » Employees in the Services sector: 105,600 (+3,0%); » People aged 45 to 54 years: 35,0 thousand (+2.6%); » Women: 57.3 thousand (+2.4%); » Full-time employees: 64,900 (+1.5%); » Employees: 51.6 thousand (+1.3%); Contributions to the year-on-year rate of change of the employed population in the 2nd quarter of 2022 56.4% 48.0% 51.0% 54.0% 57.0% 60.0% 63.0% 2Q2013 2Q2014 2Q2015 2Q2016 2Q2017 2Q2018 2Q2019 2Q2020 2Q2021 2Q2022 -3 -2 -1 0 1 2 3 Employed popula�on Males Females 16 to 24 25 to 34 35 to 44 45 to 54 55 to 64 65 to 89 1st and 2nd stages of basic educa�on Upper secondary and post-secondary Ter�ary educa�on Agriculture, forestry, and fishing Manufacturing, electricity, gas, and water Services Employees With a permanent job With a temporary job Other contractual arrangements Self-employed workers Unpaid family workers Full-�me workers Part-�me workers %
2022 Edition 10 • About 20.6% of the employed population (1,009.3 thousand people) worked from home. Of these, 29.9% (301.7 thousand) did so due to the COVID-19 pandemic; • Of the employees who worked from home: » 33.0% (333.5 thousand) always worked from home; » 27.6% (278.4 thousand) did it only regularly, through a system that reconciles office work and working from home; Among these, the most common was working from home for a few days every week (62.1%; 172.9 thousand); » 95.0% (958.6 thousand) were working from home, that is, they used information and communication technologies (ICT) to perform their tasks from home; This type of work covers 19.6% of the total employed population; • The labour underutilisation covered 600.7 thousand people, corresponding to: » -2.8% (17.5 thousand) compared to the previous quarter; » -8.2% (-53.5 thousand) vis-à-vis the same period of 2021; • The labour underutilisation rate, estimated at 11.2%, decreased by 0.3 p.p. from the previous quarter and 1.1 p.p. from the same quarter of 2021; • The inactive population aged 16 and over (3,604.4 thousand people): » It increased by 0.3% (11.3 thousand) compared to the previous quarter; » It decreased by 1.1% (40.7 thousand) vis-à-vis the same quarter of 2021. More information is available at: Employment statistics – 2nd quarter of 2022 10 August 2022 Labour underutilisation rate 11.2% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 2Q2013 2Q2014 2Q2015 2Q2016 2Q2017 2Q2018 2Q2019 2Q2020 2Q2021 2Q2022
AUGUST 2022 11 MONTHLY STATISTICAL BULLETIN Around one in five (21.2%) unemployed in the 1st quarter of 2022 moved into employment in the 2nd quarter of 2022 In the 2nd quarter of 2022, compared to the previous quarter: • Concerning those who were unemployed: » 56.5% (174,400) remained so; » 21.2% (65.3 thousand) moved into employment, many of them (18.1%; 55.8 thousand) as employees; » 22.3% (68.8 thousand) moved into inactivity; • The following moved into employment: » Approximately one in three short-term unemployed (29.1%; 48.3 thousand); » One in seven people belonging to the potential workforce (14.3%; 23.7 thousand); • A total of 10.4% (75,000) of the self-employed people became employees; • 1.8% (73.4 thousand) of people who were employed became self-employed; • Around one in five employees who had a temporary work contract or other types of contracts now have a permanent work contract (20.6%; 137.1 thousand); • About one in six part-time employees (17.0%; 65,900) moved to full-time work; • Of those who remained employed, 3.5% (167.1 thousand) changed jobs. EMPLOYMENT 96.6% 56.5% 94.8% 2.9% 22.3% 2.3% 21.2% 0.9% 2.5% UNEMPLOYMENT INACTIVITY (16-89)
2022 Edition 12 Quarterly labour market flows of the population aged 15 to 74 in the European Union (EU-27) and Portugal (in % of initial status) – 1st quarter of 2022 96.8 1.0 2.2 25.2 54.4 20.4 3.5 3.1 93.4 96.2 1.3 2.5 21.5 54.3 24.1 3.7 3.2 93.1 From inactivity to unemployment From inactivity to employment From unemployment to inactivity Remained unemployed From unemployment to employment From employment to inactivity From employment to unemployment Remained employed Remained inactive European Union (EU-27) Portugal The results for the 1st quarter of 2022, concerning the labour market flows of the population aged 15 to 74 years and released by Eurostat on 5 July 2022, indicate that compared to the previous quarter: • The proportion of people who moved from unemployment to employment (25.2%) in Portugal was 3.7 p.p. higher than the equivalent figure for the EU as a whole (21.5%); • Only around one unemployed person in every five moved into inactivity (20.4%) in Portugal, while in the European Union this was the path taken by around one unemployed person in every four (24.1%). More information is available at: Labour market flow statistics – 2nd quarter of 2022 16 August 2022
AUGUST 2022 13 MONTHLY STATISTICAL BULLETIN Unemployment rate (seasonally adjusted data) (p) Provisional estimate In July, the unemployment rate stood at 5.9 % and the labour underutilisation rate at 11.5% These estimates are 3-month moving averages centred on the reference month. Thus, we calculated the provisional results for July from data collected in June, July, and part of August, while in the calculation of the final figures for June we were able to include all the data gathered in May, June, and July. We calculate estimates considering the population from 16 to 74 years old and adjust the values for seasonality. In July 2022 (provisional results): • The unemployment rate stood at 5.9 %, 0.1 p.p. lower than the previous month and also down 0.7 p.p. from July of the last year, while unchanged from three months earlier; • The inactive population (2,478.0 thousand people) increased from the previous month and three months before (0.3% and 0.1%, respectively) but decreased from a year earlier (1.0%); • The active population (5,182.5 thousand) decreased 0.1% from June and increased 0.1% when compared to July 2021, while unchanged from April 2022; • The employed population (4,876.2 thousand) decreased compared to the previous month and three months before (0.1% in both) but increased 0.9 % compared to the last year's same month; • The unemployed population (306.2 thousand) decreased compared to the previous month (1.1%) and July 2021 (10.2%) while increasing by 0.6% compared to April 2022; • The labour underutilisation rate stood at 11.5%, 0.1 p.p. down from the previous month, 0.1 p.p. more than three months before, and 0.9 p.p. less than in the same month of the last year. (p) 5.9% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 Jul-19 Jul-20 Jul-21 Jul-22
2022 Edition 14 Unemployment rate* of youth and adults june and july 2022 * Values for the most recent month are provisional. More information is available at: Monthly Employment and Unemployment Estimates - July 2022 31 August 2022 (p) Provisional estimate Labour underutilisation rate (seasonally adjusted data) In June 2022: • The unemployment rate was 6.0%, the same as the previous month, 0.2 p.p. higher than three months before, and 0.8 p.p. lower than a year earlier; • The inactive population (2,470.5 thousand) decreased by 0.2% compared to both the previous month and three months earlier, and 1.6% compared to June 2021; • The active population (5,189.5 thousand) increased 0.1% from May 2022 and 0.4% compared to June 2021, while not changing regarding March 2022; • The employed population (4,879.8 thousand people) increased from the previous month (0.1%) and the same month of the last year (1.3%) while decreasing compared to three months earlier (0.2 %); • The unemployed population (309.7 thousand) decreased 0.4% compared to May, increased 3.2% compared to March, and decreased 11.9% compared to June 2021; • The labour underutilisation rate was 11.6%, 0.1 p.p. and 0.3 p.p. higher than the previous month and three months earlier, respectively, but 1.1 p.p. lower than in the same month of 2021. 18.9% 5.1% 17.8% 5.1% Youth population (aged 16 to 24) Adult population (aged 25 to 74) Jun-22 Jul-22 11.5% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 Jul-19 Jul-20 Jul-21 Jul-22 (p)
AUGUST 2022 15 MONTHLY STATISTICAL BULLETIN More information is available at: New housing construction costs index – June 2022 11 August 2022 Note: Figures for May and June 2022 are provisional. The following year-on-year rates of change are estimated for new housing construction costs in June 2022: • Construction Costs Index for New Housing (CCINH): 12.9% (13.5% in the previous month); • Price of materials: 17.2% (18.8% in the previous month); • Labour costs: 6.9% (6.2% in the previous month). Concerning the month-on-month rates of change, the estimated rates for June 2022 are: • CCINH: 0.4% (0.5% in May); • Price of materials: -0.7% (0.6% in May); • Labour costs: 2.1% (0.3% in May). Construction Costs Index for New Housing (year-on-year rate of change) Construction costs increased by 12.9% year-on-year Construction Costs Index for New Housing (100=2015) 131.53 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 June 2018 June 2019 June 2020 June 2021 June 2022 June 2017 Number - Index 12.9% 17.2% 6.9% 0.0 5.0 10.0 15.0 20.0 25.0 June 2020 December 2020 June 2021 December 2021 June 2022 Total Materials Labour %
2022 Edition 16 MONTHLY STATISTICAL BULLETIN More information is available at: Indices of production, employment, and wages in construction – June 2022 9 August 2022 The production in construction increased by 1.7% In June 2022, the following year-on-year rates of change were registered in the construction sector: • Index of production1: 1.7% (1.9% in the previous month), with the following rates of change concerning its segments: » Building construction: 2.0% (2.2% in May); » Civil engineering: 1.2% (1.5% in May); • Employment index: 2.0% (2.1% in the previous month); • Wages and salaries index: 6.2% (6.5% in the previous month). Index of Production in Construction (year-on-year rate of change) Indices of employment, wages, and salaries in Construction (year-on-year rate of change) 1 Three month moving average adjusted of calendar and seasonal effects. 1.7% -10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Jun-19 Aug-19 Oct-19 Dec-19 Aug-20 Oct-20 Dec-20 Abr-20 Jun-20 Feb-20 Abr-22 Jun-22 Feb-22 Aug-21 Oct-21 Dec-21 Abr-21 Jun-21 Feb-21 6.2% 2.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% Wages and salaries Employment Jun-19 Aug-19 Oct-19 Dec-19 Aug-20 Oct-20 Dec-20 Abr-20 Jun-20 Feb-20 Abr-22 Jun-22 Feb-22 Aug-21 Oct-21 Dec-21 Abr-21 Jun-21 Feb-21
AUGUST 2022 17 MONTHLY STATISTICAL BULLETIN The interest rate rose to 0.912%; the owed capital and the monthly loan repayment have increased and stood at €60,405 and €264, respectively In July 2022: • The implicit interest rate for all housing loan agreements rose to 0.912%, increasing by 5.4 basis points1 (bps) compared to the previous month (0.858%); • For contracts closed in the last three months, the interest rate rose from 1.158% in June to 1.289% in July; • The average value of owed capital for all contracts increased by €344 compared to June, standing at €60,405; Implicit interest rates in housing loans Average owed capital • The average value of the loan repayments increased to €264 (three euros more than the previous month); Of this amount, about €46 (17%) correspond to interest payments and €218 (83%) to amortized capital; • The implicit interest rate for total contracts for house purchase (the most relevant financing destination in the set of mortgage loans) rose to 0.928% (+5.4 bps than in June); For this type of contract signed in the last three months, the rate was 1.295% (+13.2 bps compared to the previous month). More information is available at: Interest rates implicit in housing loans – July 2022 18 August 2022 1 One basis point is the equivalent of 0.01 percentage points. 0.912% 0.780% 0.830% 0.880% 0.930% 0.980% 1.030% 1.080% Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 60,405 € 50,000 52,000 54,000 56,000 58,000 60,000 62,000 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22
2022 Edition 18 MONTHLY STATISTICAL BULLETIN The population living in accommodation with lack of space has increased In 2021, in Portugal1: • About one in ten (10.6%) people lived in dwellings in which the number of habitable rooms (≥ 4 m2) was insufficient for the number and demographic profile of household members; This proportion was higher than in the previous three years: 9.6% in 2018, 9.5% in 2019, and 9.0% in 2020; • The percentage of people living in overcrowded conditions increased in most NUTS II regions in the country; Algarve (-2.5 p.p.) and Região Autónoma dos Açores (-2.8 p.p.) were the exceptions; The most significant increases were registered in the regions Norte (+2.4 p.p.), Centro (+2.1 p.p.), and Área Metropolitana de Lisboa (+1.4 p.p.); Overcrowding rate, NUTS II, 2020-2021 0 4 8 12 16 20 Portugal Norte Centro A.M. Lisboa Alentejo Algarve R.A. Açores R.A. Madeira (%) 2020 2021 • Living in overcrowded accommodation was a condition that mainly affected the following: » Families at risk of poverty: 18.8%, compared to 8.7% concerning the rest of the population; » Families living in densely populated areas: 13.2%; » The youngest individuals: 17.5% for the age group up to 17 years (compared to 10.9% for adults and 4.4% for the elderly). 1Information was collected from the Survey on Income and Living Conditions.
AUGUST 2022 19 More information is available at: Income and living conditions – 2021 - Housing deprivation 2 August 2022 Overcrowding rate by poverty status, age group, and degree of urbanisation, Portugal, 2021 • Expenditure on housing consumed around one-tenth (10.5%) of households' disposable income2. This is slightly more than in 2020 (10.4%) but less than in 2018 (11.7%), and 2019 (11.0%); • Around one in seventeen people (5.9%) live in households burdened with housing expenses – that is, households for which these expenses represented 40% or more of their disposable income –, 1.8 p.p. more than in the previous year (4.1%). 2 The calculation of the median housing cost burden includes rents, interest, water, electricity, gas or other fuels, condominium, insurance, sanitation, and small repairs, and excludes social transfers related to housing in both numerator and denominator. 18.8 8.7 17.5 10.9 4.4 13.2 8.9 7.4 At-risk-of-poverty Not at-risk-of-poverty 0-17 years 18-64 years 65+ years Densely populated areas Intermediate areas Thinly populated areas (%) Total: 10.6%
2022 Edition 20 MONTHLY STATISTICAL BULLETIN Bank appraisals increased to €1,417 per square metre In July 2022, the median value of bank appraisals, within the scope of credit applications for house purchases, was €1,417 per m2, €10 more (+0.7%) than that observed in June. The largest increase over the previous month occurred in Região Autónoma dos Açores (+1.9%) and the smallest in Alentejo (+0.2%). In comparison with the same period of the previous year, the median value of the appraisals increased by 16.1% (15.8% in June). The highest rate of change was recorded in Algarve (18.7%) and the lowest occurred in Região Autónoma dos Açores (8.1%). In July, the number of bank appraisals reported, which support the results presented, was around 28.6 thousand, 6.0% lower compared to the same month of the previous year. Of these appraisals: • About 18,300 concerned apartment appraisals; • Around 10,300 were house appraisals. In comparison with the previous month, 604 fewer bank assessments were carried out (-2.1%). In July 2022, year-on-year, the analysis by type of dwelling reveals that the median bank appraisal value: • It increased by 16.7% in apartments, settling at €1,575/m2; • It went up by 13.1% in house appraisals, to €1,129/m2. In July 2022, compared to the previous month, the median bank appraisal value: • In apartments: » T2 (two bedrooms): it increased by €13, to €1,589/m2; » T3: it increased by €6, to €1,404/m2. These two types of apartments together represented 78.5% of all apartment appraisals carried out. • In houses: » T2: it increased by €12, to €1,074/m2; » T3: it increased by €5, to €1,111/m2; » T4: it rose by €7, to €1,192/m2. These three types of housing together accounted for 88.7% of the house appraisals. More information is available at: Survey on bank evaluation on housing – July 2022 30 August 2022 1,575 € 1,129 € 0 500 1,000 1,500 2,000 2,500 RA Madeira RA Açores Algarve Alentejo AM Lisboa Centro Norte Portugal Houses Apartments euros/m2 Median value of bank appraisals – July 2022 Apartments and houses
AUGUST 2022 21 MONTHLY STATISTICAL BULLETIN Exports - Total (year-on-year rate of change) Imports - Total (year-on-year rate of change) Exports and imports increased by 37.1% and 41.6% in nominal terms In June 2022, year-on-year: • Exports and imports of goods registered nominal increases of 37.1% and 41.6%, respectively (+40.7% and +45.0% in the previous month, in the same order); It should be noted that the unit value indices (prices) registered year-on-year rates of change of +18.6% in exports and +26.0% in imports; • Also worthy of note are the increases, in nominal terms, in both flows, of: » Industrial supplies: 29.0% in exports and 21.2% in imports; » Fuels and lubricants: 159.8% and 220.3%, respectively; » Transport equipment: 60.6% and 46.1%, in the same order; • Excluding Fuels and lubricants, exports grew by 29.8% and imports by 23.4% (+35.0% and +33.2% in the previous month, in the same order); In turn, the unit value indices (prices) excluding oil products registered year-on-year increases of +13.0% in exports and +14.6% in imports; • The trade deficit amounted to €2,522 million, which represents a worsening of €903 million; • Excluding Fuels and lubricants, the deficit amounted to €1,275 million (-€9 million). In June 2022, compared to the previousmonth, exports and imports decreased by 5.6% and 2.8% respectively (+20.4% and +13.4% in May 2022, in the same order). In the 2nd quarter of 2022, compared with a year earlier, exports and imports of goods increased by 31.2% and 37.7%, respectively (+22.9% and +33.3%, in the same order, in the quarter ending May 2022). More information is available at: International trade statistics – June 2022 9 August 2022 37.1% -20.0% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% Jun-20 Jul-20 Aug-20 Sep-20 Oct -20 Nov-20 Dec-20 Jan-21 Feb-21 Mar -21 Abr-21 Mai -21 Jun-21 Jul-21 Aug-21 Sep-21 Oct -21 Nov-21 Dec-21 Jan-22 Feb-22 Mar -22 Abr-22 Mai -22 Jun-22 41.6% -40.0% -20.0% 0.0% 20.0% 40.0% 60.0% 80.0% Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Abr-21 Mai-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Abr-22 Mai-22 Jun-22
2022 Edition 22 MONTHLY STATISTICAL BULLETIN Services Turnover Index (year-on-year rate of change) Total Turnover Index (year-on-year rate of change) Wholesale trade, trade and repair of vehicles and motorcycles Turnover Index (year-on-year rate of change) Accommodation and food services Turnover Index (year-on-year rate of change) Transportation and storage Services Turnover decelerated to 19.6% In June 2022, year-on-year: • The Services Turnover Index (STI) registered a nominal rate of change of 19.6%, corresponding to a reduction of 4.6 p.p. in comparison with the previous month; • The remaining indices related to services registered the following rates of change: » Employment: 7.7% (8.1% in May); » Wages and salaries: 8.2% (10.1% in May); » Hours worked (adjusted for calendar effects): 7.3% (10.7% in May). In June 2022, the month-on-month rate of change regarding the STI was -0.2% (0.8% in the previous month). In the 2nd quarter of 2022, turnover in services increased by 22.5% year-on-year (27.8% in the previous quarter). 1 Nominal data adjusted for calendar and seasonal effects. More information is available at: Business turnover, employment, wages, and hours worked in services – June 2022 10 August 2022 19.6% 0.0% 10.0% 20.0% 30.0% 40.0% Jun-21 Aug-21 Oct-21 Dec-21 Feb-21 Abr-21 Jun-21 Jun-21 Aug-21 Oct-21 Dec-21 Feb-21 Abr-21 Jun-21 14.7% 0.0% 10.0% 20.0% 30.0% 40.0% Jun-21 Aug-21 Oct-21 Dec-21 Feb-21 Abr-21 Jun-21 54.2% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 140.0% 160.0% 180.0% Jun-21 Aug-21 Oct-21 Dec-21 Feb-21 Abr-21 Jun-21 34.5% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0%
AUGUST 2022 23 MONTHLY STATISTICAL BULLETIN Consumer price and core inflation indices (year-on-year rate of change and 12-month moving average) CPI annual rate of change increases to 9.1% In July 2022, the Consumer Price Index (CPI) registered the following year-on-year rates of change: • Total CPI: 9.1% (+0.4 p.p. than the previous month), the highest value since November 1992; • Core inflation index (total index excluding unprocessed food products and energy): 6.2% (6.0% in June); • Energy products index: 31.2% (-0.5 p.p. compared to the previous month); • Unprocessed food products index: 13.2% (11.9% in June). In July 2022, the CPI also registered the following rates of change: • Month-on-month: nil rate (0.8% in the previous month and -0.3% in July 2021); • Month-on-month, excluding unprocessed food products and energy: -0.3% (0.3% in the previous month and -0.6% in July 2021); • Average of the last 12 months: 4.7% (4.1% in the previous month). 4.7% 9.1% 6.2% -1.0 1.0 3.0 5.0 7.0 9.0 11.0 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 CPI (12-month moving average) CPI (year-on-year rate of change) Core Inflation Index (year-on-year rate of change) %
2022 Edition 24 Harmonised Index of Consumer Prices (year-on-year rate of change in the Euro Area Countries, July 2022) More information is available at: Consumer price index – July 2022 10 August 2022 Concerning the Harmonised Index of Consumer Prices (HICP), the following rates of change were recorded in July 2022: • Year-on-year: 9.4%, the new highest since the beginning of the series in 1996 (+0.4 p.p. vis-à-vis the previous month), which exceeds by 0.5 p.p. the value estimated by Eurostat for the Euro Area (in June this difference was 0.4 p.p.); Excluding unprocessed food products and energy, the HICP in Portugal reached a year-on-year rate of change of 6.9% (6.6% in June), which is higher than the corresponding rate for the Euro Area (estimated at 5.0%) and maintains the markedly upward profile registered in recent months; • Month-on-month: nil rate (1.1% in the previous month and -0.4% in July 2021); • Average over the last 12 months: 4.8% (4.1% in the previous month). Malta France Finland Italy Austria Portugal Euro Area Ireland Spain Slovenia Germany Cyprus Luxembourg Belgium Netherlands Greece Slovakia Lithuania Latvia Estonia 6.5 6.8 7.9 8.4 8.5 8.9 9.3 9.3 9.4 9.6 10.4 10.6 10.8 11.5 11.6 11.7 12.8 20.8 21.0 22.7 0.0 5.0 10.0 15.0 20.0 25.0 %
AUGUST 2022 25 MONTHLY STATISTICAL BULLETIN Industrial production prices increased by 24.8% In July 2022, year-on-year: • The Industrial Production Prices Index (IPPI) increased by 24.8% (25.6% in the previous month); This outcome was strongly influenced by how prices of Energy and Intermediate goods have evolved, with rates of change of 60.9% and 20.9%, respectively (63.6% and 22.3% in June, in the same order); • Excluding Energy and Intermediate goods, the IPPI grew by 10.9% (10.6% in the previous month). Industrial Production Prices Index (year-on-year rate of change) Total Index and Major Industrial Groupings (month-on-month rate of change) More information is available at: Industrial production price index – July 2022 17 August 2022 In July, the month-on-month rate of change concerning the IPPI was 0.7% (1.4% in the same month of 2021). 24.8% -10.0 -5.0 0.0 5.0 10.0 15.0 20.0 25.0 30.0 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 % 1.4% 0.5% 1.7% 0.0% 3.3% 0.7% -0.2% 0.5% 0.6% 1.6% Total Investment goods Intermediate goods Consumer goods Energy July 2022 July 2021 -0.5% 0.0% 1.0% 2.0% 3.0% 0.5% 1.5% 2.5% 3.5%
2022 Edition 26 MONTHLY STATISTICAL BULLETIN Year-on-year CPI rate of change estimated at 9.0% Flash estimate We estimate, from the data already available for August 2022, the following year-on-year rates of change: • Overall Consumer Price Index (CPI): +9.0%, down slightly from +9.1% in July; • Core inflation index (total index excluding unprocessed foodstuffs and energy products): +6.5% (+6.2% in the previous month), the highest since March 1994; • Energy products index: +24.0% (7.2 p.p. less than the previous month); • Unprocessed food index: +15.4% (+13.2% in July). Compared to the previous month, the CPI change in August will have been -0.3% (nil in July and -0.2% in August 2021). We estimate that the average CPI rate of change for the 12 months culminating in August 2022 was +5.3% (+4.7% in the previous month). More information is available at: CPI/HICP Flash Estimate – August 2022 31 August 2022 Monthly rate(%)1 Annual rate (%)1 Jul-22 Aug-22 * Jul-22 Aug-22* CPI Total -0.04 -0.28 9.06 8.97 All items excluding housing -0.06 -0.31 9.33 9.24 All items excluding unproc. food and energy -0.33 0.06 6.24 6.52 Unprocessed food 1.02 1.29 13.22 15.44 Energy 1.04 -4.93 31.18 24.01 HICP Total 0.0 -0.2 9.4 9.4 1 Rounded values to two and one decimals. * Estimated values. The Harmonised Index of Consumer Prices (HICP) is the most appropriate inflation indicator for comparisons between European Union countries and, particularly, in the Euro Area. We estimate Portugal's HICP year-on-year change in August to have been +9.4%, unchanged from the previous month.
AUGUST 2022 27 MONTHLY STATISTICAL BULLETIN Labour Cost Index increased by 5.7% in the 2nd quarter of 2022 In the 2nd quarter of 2022, year-on-year1: • The Labour Cost Index (LCI) increased by 5.7% (1.4% in the previous quarter); • Wage costs per hour effectively worked rose by 5.6% (0.7% in the previous quarter); » The largest increases were registered in Industry (7.4%) and Construction (7.1%); » The least expressive increases occurred in Services and Public Administration (5.1% and 5.0%, respectively); • Other costs, also per hour effectively worked, grew by 6.3% (4.2% in the previous quarter). This rate of change concerning the ICT is explained by the developments of the following factors: • Increase of 4.0% in the average cost per employee (3.5% in the previous quarter); The increase was across all sectors of economic activity, with: » The most significant rates of change being observed in Construction and Services (5.1% in both sectors); and » The smallest rate of change being registered in Public Administration (2.4%); The increases in the Public Administration have been substantially lower than in other activities since the 1st quarter of 2021; • A 1.5% decrease in the number of hours effectively worked per employee (2.6% increase in the previous quarter); The number of hours effectively worked per employee decreased in all economic activities except Services, with the most notable reductions in Industry (-2.6%) and Public Administration (-2.5%). In the same quarter of the previous year, a significant increase in the number of hours effectively worked per employee had been registered in all activities, except Construction, mainly explained by the total or partial reopening of enterprises that had been closed due to a legislative determination or due to the reduction of the normal working period as a result of the decrease in invoicing. 1 The data analyzed in this press release are working days adjusted. Labour Cost Index Working days adjusted data (year-on-year rate of change) 5.7% 4.0% -1.5% -15.0 -10.0 -5.0 0.0 5.0 10.0 15.0 20.0 2nd Q 2017 2nd Q 2018 2nd Q 2019 2nd Q 2020 2nd Q 2021 2nd Q 2022 Total Average cost per employee Number of hours actually worked per employee %
2022 Edition 28 Comparison with the European Union The year-on-year rate of change concerning the ICT for the European Union as a whole (27 countries) was 4.2% in the 1st quarter of 2022. This is the most recent information made available by Eurostat on the 16th of June 2022 on the year-on-year rate of change in the ICT by Member states and for the EU as a whole. When referring to Portugal, Eurostat estimated a year-on-year increase of 0.9%. Labour Cost Index in EU countries Working days adjusted data – 1st quarter of 2022 (year-on-year rate of change) -4.7% -0.6% 0.7% 0.9% 1.4% 2.4% 3.1% 3.4% 3.7% 4.2% 4.2% 4.4% 4.4% 4.5% 4.6% 5.1% 5.8% 6.3% 6.5% 8.1% 8.9% 8.9% 9.6% 10.5% 11.1% 12.7% 12.8% 20.1% Malta France Hungary Finland Italy Austria Portugal Croatia Ireland Spain Romania Denmark Czechia Slovenia Poland Germany Cyprus Luxembourg Belgium UE 27 Netherlands Greece Slovakia Sweden Latvia Bulgaria Lithuania Estonia More information is available at: Labour cost index – 2nd quarter of 2022 12 August 2022
AUGUST 2022 29 MONTHLY STATISTICAL BULLETIN Average gross monthly earnings per employee increased by 3.1% to €1,439 in the 2nd quarter of 2022; in real terms, it decreased by 4.6% In the 2nd quarter of 2022, compared to the same period in 2021: • Average total gross monthly earnings per employee (per job) increased by 3.1% to €1,439; • The regular pay component (excluding holiday and Christmas subsidies) rose by 2.5% to €1,139; • The base component of earnings, which grew in the same proportion (2.5%), stood at €1,069; • In real terms – i.e., considering the rate of change in the Consumer Price Index – they registered the following year-on-year rates of change: » Average total gross earnings: -4.6%; » Regular component: -5.1%; » Base earnings: -5,1%; • The number of employees (jobs1) increased by 5.6%. Average monthly gross earnings per employee Apr-21 May-21 Jun-21 Jun-22 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 1,439 1,000 1,100 1,200 1,300 1,400 1,500 1,600 1 Each employee is counted as many times as the number of jobs registered with the Social Security and Caixa Geral de Aposentações. For further information, see the Methodological note at the end of the press release used for this synthesis, which can be accessed under "More information is available at". Average monthly gross earnings per employee (year-on-year rate of change) Jun-21 Jun-22 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 3.1% 0.0% 1.0% 2.0% 3.0% 4.0% 5.0% 6.0%
2022 Edition 30 Compared to June 2021: • The largest increases in total earnings were observed: » In the Electricity, gas, steam, cold and hot water, and cold air activities (section D of CAE): 21.2%; » In enterprises with 1 to 4 employees: 6.5%; » In High-technology services enterprises: 6.1%; » In the private sector: 4.4%; • There were no negative rates of change in total earnings; • The smallest year-on-year rates of change in total earnings were observed: » In the activities of Public administration and defence; compulsory social security (section O of CAE): 0.1%; » In enterprises with 250 to 499 employees: 0.1%; » In Other knowledge-intensive services enterprises: 1.3%; » In the General Government sector: 1.4%. The results presented refer to about 4.4 million jobs, corresponding to beneficiaries of Social Security and subscribers to Caixa Geral de Aposentações. More information is available at: Gross monthly earnings per employee – 2nd quarter of 2022 11 August 2022
AUGUST 2022 31 MONTHLY STATISTICAL BULLETIN The wealth of households in 2020 The Household Finance and Consumption Survey (HFCS) was conducted between October 2020 and February 2021. Carrying out the HFCS during the pandemic crisis led to methodological changes with possible implications on the results, which should be read with due caution. According to the 2020 Household Finance and Consumption Survey: • Concerning the situation before the pandemic: » 69.2% of households in Portugal considered their financial situation to be similar; » 27.8% considered that it had worsened; » 3.0% considered that it had improved; • Compared to the previous edition of the same survey, conducted in 2017: » The mean net wealth per household increased by 19.9% in real terms (to €200.4 thousand) and median net wealth increased by 31.3% (to €101.2 thousand); » The average value of debt, considering households with and without debt, remained at around €25 thousand, and the median value remained null since the percentage of households without debt is above 50%; » Debt ratios, which measure the ability of households to service debt in the short term and their financial vulnerability, have fallen; In the case of the debt-to-income ratio, from 14.4% in 2017 to 12.9% in 2020, mainly reflecting the decline in interest rates to historically low levels; In the case of the debt-to-asset ratio, the reduction largely reflects the appreciation of real estate; » Inequality among households decreased slightly, according to indicators such as the ratio between the 90th and 10th percentiles of net wealth; the Gini index; and the share of wealth held by the households with the highest net wealth; • Portuguese households have a clear preference for owning their home: » Only 2.0% of households living in their own home would prefer to have rented; » 63.5% of families who rent the house where they live would prefer to have bought it.
2022 Edition 32 Renters or homeowners’ households, by reason for renting or being a homeowner (%) 1.4 1.7 3.2 9.6 10.0 10.6 63.5 Purchase was preferred but the household did not have the financial means to do so Preferred not to be indebted Ren�ng was preferred, regardless of the financial situa�on The rent was lower than the loan payment Considered that the purchase of a house was not a good investment Having the money available was preferred rather than owning the house Don't know/ don't answer B – Renters’ households 1.3 2.0 14.4 37.8 44.5 Purchasing a house was a good investmen when compared to ren�ng Preferred to live in a home of their own regardless of whether or not the purchase was a good investment Don't know/ don't answer Ren�ng was preferred but there were no houses available to rent The loan payment was lower than the rent More information is available at: Portuguese household finance and consumption survey - 2020 3 August 2022 A – Homeowners’ households
AUGUST 2022 33 MONTHLY STATISTICAL BULLETIN Live births increased by 1.4% in the first half of 2022 Mortality In July 2022: • 10,657 deaths were registered, which is higher than those registered in the previous month (+459 deaths; +4.5%) and in July 2021 (+1,850; +21.0%); • The number of COVID-19 deaths: » It was 453, which represents 4.3% of total mortality; » It registered a decrease compared to the previous month (-525 deaths) and an increase vis-à-vis July 2021 (+181). From January to July 2022, 74,639 deaths were recorded, 1,480 fewer than in the same period in 2021 (-1.9%). Live births In June 2022, 6,532 live births were registered, representing a figure close to that of June 2021 (6,546). However, the total number of live births recorded in the first half of 2022 (38,580) was higher than in the same period of 2021 (38,050), representing 530 (+1.4%) more live births. 10,204 453 -80 -60 -40 -20 0 20 40 60 80 -5,000 -10,000 -15,000 -20,000 0 5,000 10,000 15,000 20,000 Jan Feb Mar Abr Mai Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Abr Mai Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Abr Mai Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Abr Mai Jun Jul % 2020 2019 2021 2022 No. Deaths excluding COVID-19 (Left Axis) COVID-19 deaths (Left Axis) Year-on-year rate of change (Right Axis) COVID-19 PANDEMIC Deaths and year-on-year rate of change, Portugal, January 2019 to July 2022 Live births and year-on-year rate of change, Portugal, January 2019 to June 2022 6,532 0,6% -40 -20 0 20 40 -10,000 5,000 -5,000 0 10,000 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun % No. COVID-19 PANDEMIC 2020 2019 2021 2022 Year-on-year rate of change (Right Axis) Live-births (Left Axis)
2022 Edition 34 Natural balance In June 2022, the natural balance was -3,649, worsening compared to the same month in 2021, when it registered -1,663. In the first half of 2022, the cumulative value of the natural balance was -25,265, a decrease from that observed in the same period of 2021 (-29,239). Marriages In June 2022, 3,985 marriages were celebrated, corresponding to an increase of 745 marriages (+23.0%) compared to the previous month. In the first half of 2022, 13,904 marriages were celebrated, 5,231 more than in the same period of 2021. Marriages and year-on-year rate of change, Portugal, January 2019 to June 2022 More information is available at: Vital statistics – monthly data, July 2022 12 August 2022 -5,000 -10,000 -15,000 -20,000 0 5,000 15,000 10,000 20,000 2020 2019 2021 2022 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Natural Balance Live-births Deaths No. 3,985 23% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun -5,000 -10,000 0 5,000 10,000 2020 2019 2021 2022 -1,200 -900 -600 -300 0 300 600 900 1,200 % No. Marriages (Le� Axis) Year-on-year rate of change (Right Axis) COVID-19 PANDEMIC Live births, deaths, and natural balance, Portugal, January 2019 to June 2022
AUGUST 2022 35 MONTHLY STATISTICAL BULLETIN 1 The information now made available includes, until the end of 2021, definitive results; from January to May 2022, provisional results; and in June 2022, preliminary results. 2 It includes three types of accommodation facilities: hotel establishments (hotels, apartment hotels, tourist apartments, tourist villages, pousadas, and quintas da Madeira), local accommodation with 10 or more beds (according to the statistical threshold defined by EU Regulation 692/2011) and rural/lodging tourist. Revenue continues on the rise and increasedby 17%compared to 2019 Guests and overnight stays In June 20211: • The tourism accommodation sector2 registered: » 2.7 million guests corresponding to a year-on-year increase of 97.3% compared to 2021 (+162.3% in May), but also to a 2.6% decrease when compared to 2019; » 7.2 million overnight stays, also in year-on-year terms, corresponding to an increase of 110.2% compared to 2021 (+221.7% in May), but a decrease of 0.4% compared to 2019; • The domestic market contributed 2.3 million overnight stays, i.e., 16.5% more compared to 2021 and 7.0% more than in 2019; • The contribution of external markets (4.8 million overnight stays) represents an increase of 241.8% compared to 2021, but a decrease of 3.5% compared to 2019; • 15.7% of tourist accommodation establishments were closed or did not handle any guests, 12.7 p.p. less than in 2021 (28.4%); Guests in tourist establishments, Portugal Overnights stays in tourist establishments, Portugal 476,660 1,352,387 2,667,740 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 June 2020 June 2021 June 2022 Total Non-residents Residents No. 1,031,062 3,401,792 7,152,257 0 1,000,000 2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 June 2020 June 2021 June 2022 Total Non-residents Residents No.
2022 Edition 36 Overnight stays in tourist accommodation establishments, by region NUTS II – June 2022 In the first half of 2022: • Overnight stays increased by 252.4% year-on-year (+84.1% concerning residents and +529.5% regarding non-residents); • The number of overnight stays continued to fall short (-7.0%) of those recorded in the same period of 2019, an outcome that is due to the decrease in those spent by non-residents (-11.9%), given that residents recorded an increase (+5.2%); • Considering the whole set of means of accommodation (i.e., adding camping and holiday camps and youth hostels to tourist accommodation establishments), there were: » 12.0 million guests (an increase of 209.6% year-on-year); » 30.9 million overnight stays (an increase of 231.0% compared to the first half of 2021). Revenue In June 2022, in tourist accommodation establishments: • The total revenue registered in the tourist accommodation establishments amounted to €545.4 million (+157.0% in year- -on-year terms), of which 416.4 million euros were related to revenue of accommodation (+165.4%); • Compared to June 2019, there were increases of 17.0% in total revenue and 17.4% in revenue of accommodation; • Algarve concentrated 31.5% of the total revenue and 30.8% of the revenue of accommodation, followed by Área Metropolitana de Lisboa (29.7% and 31.3%, respectively) and Norte (14.7% and 14.9%, in the same order); • The average revenue per available room stood at €70.6, increasing by 124.0% compared to the same month of 2021 (+177.4% in May) and 13.6% compared to June 2019; • The average daily rate amounted to €111.8, standing for increases of 28.7% compared to June 2021 (+24.4% in May) and 14.6% compared to June 2019. 0 500,000 1,000,000 1,500,000 2,000,000 Alentejo RA Açores Centro RA Madeira Norte AM de Lisboa Algarve Non-residents Residents No. • All NUTS II regions registered significant year-on-year increases in the number of overnight stays; Algarve concentrated 31.2% of the total, followed by Área Metropolitana de Lisboa (24.5%), Norte (15.5%), and Região Autónoma da Madeira (11.7%); • Compared to June 2019, there were increases in overnight stays in RA Madeira (+16.8%), Norte (+6.2%), Região Autónoma dos Açores (+6.1%), and Área Metropolitana de Lisboa (+0.1%), while the largest decrease was observed in Algarve (-8.1%).
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