SEPTEMBER 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: 218 426 100 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) ERRATUM Text concerning Marriages on page 26 corrected on the 9th November 2022
SEPTEMBER 2022 3 MONTHLY STATISTICAL BULLETIN Contents 4 6 8 10 11 12 13 14 15 16 17 18 20 21 22 23 25 27 30 33 35 37 38 41 43 44 46 48 49 Industrial Production Index – July 2022 Business turnover, employment, wages, and hours worked in Industry – July 2022 Monthly employment and unemployment estimates – August 2022 Indices of production, employment, and wages in Construction – July 2022 Construction: building permits and completed buildings – 2nd quarter of 2022 Interest rates implicit in housing loans – August 2022 Survey on bank evaluation on housing – August 2022 House rental at the local level – 2nd quarter of 2022 International trade statistics – July 2022 Perspectives on exports of goods, 2022 – 2nd Forecast Business turnover, employment, wages, and hours worked indices in Services – July 2022 Consumer Price Index – August 2022 New housing construction costs index – July 2022 Industrial production price index – August 2022 CPI/IHPC Flash estimate – September 2022 House prices index – 2nd quarter of 2022 Vital statistics – monthly data, August 2022 Portuguese Life Tables - NUTS – 2019-2021 Tourism activity – July 2022 Tourism activity, Flash estimate – August 2022 Air transport flash statistics – July 2022 Transport activity – 2nd quarter of 2022 Monthly economic survey – August 2022 Business and consumer Surveys – September 2022 Business turnover, employment, wages, and hours worked indices in retail trade – August 2022 Annual National Accounts – 2020 (final) and 2021 (provisional) Quarterly national sector accounts – 2nd quarter of 2022 Main aggregates of General Government – 2021 Excessive Deficit Procedure – 2nd Notification 2022
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) -0.1% -12.0% -10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 -7.9% 4.6% -1.5% 3.5% -0.1% -10.3% 15.8% 6.1% 4.9% 3.9% Energy Investment goods Intermediate goods Consumer goods Total Jun. 2022 Jul. 2022 4.6% -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 3.5% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 Industrial production decreased by 0.1% in July In July 2022, on a year-on-year basis: • The Industrial Production Index (IPI) changed by -0.1% (3.9% the previous month); • Excluding Energy, the rate of change was 1.6% (7.2% in June); • The rate of change in Manufacturing industry stood at 2.1% (6.9% in the previous month); • Except for Energy, all major industrial groupings showed less favourable year-on-year changes than those observed last month.
SEPTEMBER 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) More information is available at: Industrial Production Index – July 2022 1 September 2022 -1.5% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 -7.9% -35.0% -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 1.5% -3.0% -2.0% 1.5% -0.4% 0.0% 5.7% -1.3% -4.9% -1.4% Energy Investment goods Intermediate goods Consumer goods Total Jun. 2022 Jul. 2022 Regarding the previous month, in July 2022: • The IPI change was less negative, recovering one percentage point (p.p.) from -1.4% to -0.4%; • The contributions of the Intermediate Goods and Investment Goods groupings to the IPI were negative (-0.7 p.p. and -0.5 p.p., respectively); • The strongest positive contribution came from the Consumer Goods grouping (+0.5 p.p.).
2022 Edition 6 MONTHLY STATISTICAL BULLETIN 24.3% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 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 54.9% 13.0% 18.5% 16.2% 60.4% 43.5% 23.9% 15.7% Energy Investment goods Bens Intermédios Consumer goods Jun-22 Jul-22 20.3% 15.7% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 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 Bens duradouros Bens não duradouros 18.5% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 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 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 24.3% In July 2022, compared to the same month of the previous year: • The Industrial Turnover Index (ITI) registered a nominal rate of change of 24.3% (31.6% in the previous month), continuing to be influenced by the increase in industrial prices, which grew by 24.8%; • Excluding Energy, sales in Industry grewby 16.6% (24.4% in June); • The indices concerning the domestic and foreign markets increased by 22.6% and 26.6%, respectively (27.3% and 37.6% in the previous month, in the same order).
SEPTEMBER 2022 7 More information is available at: Business turnover, employment, wages, and hours worked in Industry – July 2022 8 September 2022 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 July 2022, the following year-on-year rates of change were also recorded in Industry sector indices: • Employment: 2.9%; • Wages and salaries: 6.8%; • Hours worked (adjusted calendar effects): 1.7 %. 13.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 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 54.9% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 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 1.7% 6.8% 2.9% 2.6% 6.6% 2.9% Hours worked Wages and salaries Employment Jun-22 Jul-22 2.9% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 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 In July 2022, ITI presented a month-on-month rate of change of 1.1% (7.1% in July 2021). 1.7% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 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
2022 Edition 8 MONTHLY STATISTICAL BULLETIN In August, the unemployment rate stood at 6.0% and the underutilisation rate of work at 11.5% These estimates are 3-month moving averages centred on the reference month. Thus, we calculated the provisional results for August from data collected in July, August, and September, while in the calculation of the final figures for July we were able to include all the data gathered in June, July and August. We calculate estimates considering the population from 16 to 74 years old and adjust the values for seasonality. August 2022 (provisional results): • The unemployment rate stood at 6.0%, the same as in July and May 2022, and lower by 0.3 p.p. than in the same month 2021; • The inactive population (2,461.8 thousand people) decreased by 0.4% compared to July 2022, 0.7% compared to May of the same year and 2.2% compared to August 2021; • The labour force (5,196.9 thousand) increased by 0.1% compared to the previous month, 0.3% compared to three months earlier and 0.7% compared to August 2021; • The employed population (4,884.4 thousand) also recorded increases regarding the three comparison periods: 0.1%, 0.3% and 1.0%, respectively; • The unemployed population (312.5 thousand) increased from the previous month (0.8%) and three months earlier (0.4%), and decreased (4.3%) compared to August 2021; • The labour underutilisation rate stood at 11.4%, 0.1 p.p. less than the previous month and three months earlier, and 0.7 p.p. less compared to August 2021. Unemployment rate (seasonally adjusted data) (p) (p) Provisional estimate 6.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Aug-18 Aug-19 Aug-20 Aug-21 Aug-22
SEPTEMBER 2022 9 More information is available at: Monthly employment and unemployment estimates – August 2022 29 September 2022 In July 2022: • The unemployment rate was 6.0%, equal to that of the previous month, which is 0.1 p.p. higher than three months before and 0.6 p.p. lower than one year earlier; • The inactive population (2,470.6 thousand people) decreased by 0.4% compared to June, 0.2% compared to April and 1.6% compared to July 2021; • The labour force (5,189.9) increased by 0.2% compared to the previous month, by 0.1% compared to May 2022 and by 0.4% compared to July 2021; • The employed population (4,879.8 thousand people) increased compared to the previous month (0.2%) and the same month of the previous year (1.1%) and changed slightly vis-à-vis three months earlier (-1,800 people, i.e., a virtually zero rate of change); • The unemployed population (310.1 thousand) remained broadly unchanged compared to June, increased by 1.8% compared to April and decreased by 9.0% compared to July 2021; • The labour underutilisation rate of work stood at 11.5%, 0.1 p.p. and 0.9 p.p. lower than the previous month and one year earlier, respectively, but 0.1 p.p. higher than three months earlier. Labour underutilisation rate (seasonally adjusted data) Unemployment rate* of youth and adults July and August 2022 * Values for the most recent month are provisional. (p) (p) Provisional estimate 11.4% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% Aug-13 Aug-14 Aug-15 Aug-16 Aug-17 Aug-18 Aug-19 Aug-20 Aug-21 Aug-22 17.7% 5.2% 16.7% 5.3% Youth popula�on (aged 16 to 24) Adult popula�on (aged 25 to 74) Jul-22 Aug-22
2022 Edition 10 MONTHLY STATISTICAL BULLETIN More information is available at: Indices of production, employment, and wages in Construction – July 2022 12 September 2022 The production in Construction increased by 2.1% in July In July 2022, the following year-on-year rates of change were recorded in the Construction sector: • Index of production1: 2.1% (1.6% in the previous month), with the following rates of change in its segments: » Building construction: 2.4% (1.9% in June); » Civil engineering: 1.8% (1.0% in June); • Employment index: 1.6% (2.0% in the previous month); • Wages and salaries index: 6.9% (6.2% 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. 2.1% -10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 6.9% 1.6% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 Wages and salaries Employment
SEPTEMBER 2022 11 Building permits decreased in the 2nd quarter, but maintain growth compared to 2019 In the 2nd quarter of 2022: • The number of building permits (6.2 thousand): » Decreased by 7.9% compared to the same quarter in 2021 (+1.6% in the previous quarter); and » Increased by 2.9% compared to the same period of 2019; • The number of new building permits recorded: » A reduction of 6.7% compared to the same quarter of 2021 (+5.3% in the previous quarter); and » A growth of 9.9% compared to the same quarter of 2019; • The overall renovation permits registered year-on-year decreases of: » 9.5% compared to the same period in 2021 (-8.6% in the previous quarter); and » 14.8% compared to the same quarter of 2019; • The number of estimated completed buildings (3.6 thousand): » Decreased by 4.9% compared to the same quarter of 2021 (-0.5% in the previous quarter); and » Grew by 7.0% compared to the same quarter of 2019; • Of the total number of building permits, 75.5% were for new constructions and, of these, 80.7% were for family housing; • The majority of completed buildings (82.5%) were new constructions, 77.4% of which for family housing. Permits and completed buildings (monthly year-on-year rates of change) Compared to the previous quarter: • The number of building permits decreased by 10.0% (+21.8% in the 1st quarter of 2022); • The number of completed buildings decreased by 5.8% (-3.1% in the 1st quarter of 2022). In a monthly analysis, it should be noted the decrease of 16.4% in building licensing in May, compared to the same period in 2021. Compared to May 2019, the number of licensed buildings decreased by 17.4%. In the first half of 2022, there were 3.1% fewer buildings permits than in the same period of 2021, but 6.3% more than in the first half of 2019. More information is available at: Construction: building permits and completed buildings – 2nd quarter of 2022 13 September 2022 -7.9% -4.9% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 2Q17 4Q17 2Q18 4Q18 2Q19 4Q19 2Q20 4Q20 2Q21 4Q21 2Q22 Building permits Completed buildings
2022 Edition 12 MONTHLY STATISTICAL BULLETIN Interest rate rose to 1.011%; debt capital and monthly loan repayment increased, standing at €60,750 and €264, respectively In August 2022: • The implicit interest rate for all house loan agreements was 1.011%, rising 9.9 basis points1 (p.b.) compared to the previous month (0.992%); • For contracts closed over the last three months, the interest rate rose to 1.523% (1.289% in July); • The average value of owed capital for all contracts increased by €345 compared to July, standing at €60,750; Implicit interest rates in housing loans Average owed capital • The average value of installment payments increased to €268 (four euros more than the previous month); Of this amount, €51 (19%) correspond to interest payments and €217 (81%) to amortised capital; • For contracts concluded in the last 3 months, the average value of the loan increased by €20 to €445; • The implicit interest rate for the total contracts for housing purchase (the most relevant financing destination in the set of mortgage loans) rose to 1.027% (+9.9 b.p. than in July); For such contracts concluded in the last 3 months, the rate was 1.528% (+23.3 b.p. compared to the previous month). More information is available at: Interest rates implicit in housing loans – August 2022 20 September 2022 1 A base point is the equivalent of 0.01 p.p. 1.011% 0.780% 0.830% 0.880% 0.930% 0.980% 1.030% 1.080% Aug-19 Nov-19 Feb-20 May-20 Aug-20 Nov-20 Feb-21 May-21 Aug-21 Nov-21 Feb-22 May-22 Aug-22 60,750 € € 50,000 52,000 54,000 56,000 58,000 60,000 62,000 Aug-19 Nov-19 Feb-20 May-20 Aug-20 Nov-20 Feb-21 May-21 Aug-21 Nov-21 Feb-22 May-22 Aug-22
SEPTEMBER 2022 13 MONTHLY STATISTICAL BULLETIN Bank appraisals decreased to €1,414 per square meter In August 2022, the median value of bank appraisals, within the scope of credit applications for house purchases, was €1,414 per m2, €3 less (-0.2%) than was observed in July. This reduction resulted from the decrease in housing prices (-0.3%), with the monthly variation of apartments being slightly positive (+0.1%). The largest increase over the previous month was recorded in Região Autónoma dos Açores (2.7%) and the highest decrease occurred in Norte (-0.3%). Compared to the same period last year, the median value of appraisals grew by 15.8% (16.1% in July). The highest rate of change was recorded in Algarve (19.0%) and the lowest occurred in Região Autónoma dos Açores (10.5%). Average Banking Valuation – August 2022 Apartments and Houses It shouldbenoted that thenumber of bank appraisals decreased for the third consecutive month, standing in August at around 26.3 thousand, which means a reduction of 10.4% compared to the same period of the previous year and 20.7% less than last May, when the maximum of the series was recorded. Of the appraisals considered in August: • About 16,700 concerned apartments; • About 9,600 were house appraisals. In August 2022, year-on-year, the analysis by type of dwelling reveals that the median bank appraisal value: • It increased by 16.3% in apartments, settling at €1,577/m2; • It rose by 14.1% in house appraisals, to €1,126/m2. In August 2022, compared to the previous month, the median bank appraisal value: • In apartments: » T2 (two bedrooms): it rose by €8, to €1,597/m2; » T3: it went down €1, to €1,403/m2. These two typologies together accounted for 78.9% of all apartment appraisals carried out. • In houses: » T2 (two bedrooms): it rose by €6, to €1,080/m2; » T3: it decreased by €4, to €1,107/m2; » T4: it rose by €6, to €1,198/m2. These three types of housing together accounted for 88.6% of the house appraisals. More information is available at: Survey on bank evaluation on housing – August 2022 27 September 2022 1,577€ 1,126€ 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
2022 Edition 14 MONTHLY STATISTICAL BULLETIN Median house rental of new lease agreements increased by 8.6% and number of new lease agreements grew by 2.1% over the same period of the previous year In the 2nd quarter of 2022 (provisional data): • The median house rental concerning the approximately 21,000 new lease agreements in Portugal was €6.55/m2, which corresponds to a year-on-year growth of 8.6% (in excess of that observed in the previous quarter, which registered 6.4%) and represents the highest variation since the 2nd quarter of 2021; • This increase in median house rental occurred in all NUTS III subregions. It should be highlighted: » Região Autónoma da Madeira: 16.3%; » Alto Tâmega: 14.8%; » Médio Tejo: 14.2%; and » Tâmega e Sousa and Região Autónoma dos Açores: 13.5% in both; • There were increases in 23 of the 24municipalities withmore than 100,000 inhabitants. The highest increases were recorded in: » Vila Nova de Famalicão: 25.2%; » Funchal: +20.7%; » Cascais: 19.6%; » Seixal: 15.9%; and » Porto: 15.7%; • In metropolitan areas, the following municipalities stood out with house rental values and year-on-year growth rates above those registered for the rest of the country: » Cascais: €12.78/m2 and +19.6%; » Lisbon: €12.61/m2 and +14.6%; » Oeiras: €11,00/m2 and +11.3%; and » Porto: €10,15/m2 and +15.7%; • The number of new lease agreements in the country registered an increase of 2.1% year-on-year, which corresponds to a strong slowdown from the 23.8% increase in the previous quarter; • In 8 out of the 25 NUTS III, there were negative rates of change in the number of new lease agreements (in the previous quarter, all regions recorded increases). The declines occurred in the regions: » R. A. Açores: 22.1%; » Baixo Alentejo: 12.0%; » Alto Tâmega: 9.8%; » Algarve: 8.6%; » Douro: 6.6%; » Alto Alentejo: 3.8%; » R. A. Madeira: 1.9%; and » Alentejo Litoral: 1.3%. • Both Área Metropolitana de Lisboa and Área Metropolitana doPorto concentrated52%of thenew lease agreements and recorded a rate of change of +1.2% and +1.6%, respectively. With regards to the previous quarter: • Median house rental increased by 6.3%; • 23 of the 25 NUTS III subregions contributed to this increase, with the highest values occurring in the following: » Alentejo Central: 12.0%; » Alentejo Litoral: 11.1%; and » Alto Tâmega: 10.2%; The decreases took place in: » Alto Alentejo: -4.3%; and » Douro: -2.5%. More information is available at: House rental at the local level – 2nd quarter of 2022 29 September 2022 Note: Figures for the most recent period are provisional. 6.4% 8.6% 23.8% 2.1% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 1Q 2022 2Q 2022 Median house rental value per m2 No. of new lease agreements Annual rates of change in median rent per m² and in the number of new leases for Portugal (year-on-year rate of change)
SEPTEMBER 2022 15 MONTHLY STATISTICAL BULLETIN Exports and imports increased by 28.3% and 29.2% in nominal terms In July 2022, year-on-year: • Exports and imports of goods recorded nominal increases of 28.3% and 29.2% respectively (37.4% and 41.8% in the previous month, in the same order); It should be noted that unit value indices (prices) recorded year-on-year rates of change of 18.3 % in exports and 22.8 in imports; • Also noteworthy are the increases, in nominal terms, of: » Industrial supplies: 27.8% in exports and 21.1% in imports; and » Fuels and lubricants: 124.0% and 93.3%, respectively; • Excluding Fuels and lubricants, exports increased by 23.1% and imports by 20.7% (30.1% and 23.6% in the previous month, in the same order); In turn, the unit value indices (prices) excluding oil products registered year-on-year increases of 13.8% in exports and 14.7% in imports; • The trade deficit amounted to €2,058 million, which represents a worsening of €504 million; • Excluding Fuels and lubricants, the deficit totaled €1,099 million (+€87 million). In July 2022, compared to the previous month, exports increased by 1.3% and imports by decreased by 3.9% (-5.4% and -2.7% in June 2022, in the same order). In the quarter ended July 2022, compared with a year later, exports and imports of goods increased by 35.3% and 38.5%, respectively (31.2% and 37.7% in the same order in the 2nd quarter of 2022). Exports - Total (year-on-year rate of change) Imports - Total (year-on-year rate of change) More information is available at: International trade statistics – July 2022 9 September 2022 28.3% -20.0% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 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 29.2% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 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
2022 Edition 16 MONTHLY STATISTICAL BULLETIN Enterprises foresee a nominal increase of 15.6 % in exports of goods in 2022, reviewing 9.1 p.p. upwards the forecast made in November Export of Goods – Perspectives of enterprises by type of market Annual nominal rates of change 2022/2021 The revision of the forecasts of exports in 2022 is consistent with data from the International Trade in Goods for the first months of the year, which points to an even sharper nominal change (+25.1 %), but signals a less dynamic second part of the year. These more conservative perspectives of enterprises regarding their exports of goods for the rest of the year 2022, may reflect a moderate attitude regarding the developments in the international environment that may determine, namely, a sudden contraction in demand. Export of goods – Perspectives of enterprises by Broad Economic Categories Annual nominal rates of change 2022/2021 The perspectives of goods exporting enterprises point to a nominal 15.6 % increase in their exports in 2022 compared to the previous year, reviewing 9.1 p.p. up the 1st forecast made in November 2021. This revision applies both to intra-Community trade and in non-Community trade, for which the expectations are now as follows: • Intra-EU exports: +16.1% (+10.1 p.p. compared to the 1st forecast); • Extra-EU exports: +14.5% (+6.8 p.p. compared to the 1st forecast). In terms of Broad Economic Categories, the emphasis goes to the expected increase in exports of: • Industrial supplies not elsewhere specified: +17.4% (the largest revision compared to the November forecast); • Capital goods (except transport equipment), and parts and accessories thereof : +16.4%. More information is available at: Perspectives on exports of goods, 2022 – 2nd Forecast 30 September 2022 17.4% 16.4% 13.6% 7.6% Industrial supplies not elsewhere specified Capital goods (except transport equipment), and parts and accessories thereof Food and beverages Transport equipment and parts and accessories thereof 14.5% 16.1% 15.6% 13.5% 14.0% 14.5% 15.0% 15.5% 16.0% 16.5% Extra-EU Intra-EU Interna�onal
SEPTEMBER 2022 17 MONTHLY STATISTICAL BULLETIN Services turnover accelerated to 23.7% In July 2022, year-on-year: • The Services Turnover Index1 (STI) recorded a nominal rate of change of 23.7%, which corresponds to an increase of 2.9 p.p. compared to the previous month; It should be noted that: » The section Accommodation and food service activities showed a growth rate of 62.3%, the respective index being 3.0% above the pre-pandemic period; » This was the first month in which all sections had activity levels above February 2020, the last pre-pandemic month; • The remaining indices for Services showed the following rates of change: » Employment: 7.4% (7.7% in June); » Wages and salaries: 10.2% (8.8% in June); » Hours worked (adjusted for calendar effects): 7.2% (equal value in June). In July 2022, the month-on-month rate of change regarding the STI was 0.7% (0.8% in the previous month). 1 Adjusted nominal data of calendar effects and seasonality. More information is available at: Business turnover, employment, wages, and hours worked indices in Services – July 2022 9 September 2022 62.3% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 140.0% 160.0% 180.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 18.8% 0.0% 10.0% 20.0% 30.0% 40.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 41.5% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 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 23.7% 0.0% 10.0% 20.0% 30.0% 40.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22
2022 Edition 18 MONTHLY STATISTICAL BULLETIN CPI annual rate of change decreased to 8.9% InAugust 2022, the Consumer Price Index (CPI) recorded the following year-on-year rates of change: • Total CPI: 8.9% (-0.2 p.p. than the previous month); • Core inflation index (total index excluding unprocessed food products and energy): 6.5% (6.2% in July); • Energy products index: 24.0% (-7.2 p.p. as in the previous month); • Unprocessed food products index: 15.4% (13.2% in July). Consumer price and core inflation indices (year-on-year rate of change and 12-month moving average) In August 2022, the CPI also recorded the following rates of change: • Month-on-month: -0.3% (nil change in the previous month and -0.2% in August 2021); • Month-on-month, excluding unprocessed food products and energy: nil change (-0.3% in the previous month and -0.2% in August 2021); • Average over the last 12 months: 5.3% (4.7% in the previous month). 5.3% 8.9% 6.5% -1.0% 1.0% 3.0% 5.0% 7.0% 9.0% 11.0% Aug-18 Nov-18 Feb-19 May-19 Aug-19 Nov-19 Feb-20 May-20 Aug-20 Nov-20 Feb-21 May-21 Aug-21 Nov-21 Feb-22 May-22 Aug-22 CPI (12-month moving average) CPI (year-on-year rate of change) Core Infla�on Index (year-on-year rate of change)
SEPTEMBER 2022 19 Harmonised Index of Consumer Prices (year-on-year rate of change in the Eurozone Countries, August 2022) More information is available at: Consumer Price Index – August 2022 12 September 2022 Concerning the Harmonised Index of Consumer Prices (HICP), the following rates of change were recorded in August 2022: • Year-on-year: 9.3%, (-0.1 p.p. than in the previous month), which exceeds by 0.2 p.p. the value estimated by Eurostat for the Euro Area (in July, this difference had been 0.5 p.p.); Excluding unprocessed food products and energy, the HICP in Portugal reached a year-on-year rate of change of 7.3% (6.9% in July), which is higher than the corresponding rate for the Euro Area (estimated at 5.5%) and maintains the markedly upward profile registered in recent months; • Month-on-month: -0.2% (nil change in the previous month and -0.1% in August 2021); • Average over the last 12 months: 5.4% (4.8% in the previous month). 6.5% 7.1% 7.6% 8.6% 8.8% 8.9% 9.0% 9.1% 9.2% 9.3% 9.6% 10.3% 10.5% 11.1% 11.5% 12.8% 13.6% 20.8% 21.1% 25.2% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% France Malta Finland Luxembourg Germany Ireland Italy Euro Area Austria Portugal Cyprus Spain Belgium Greece Slovenia Slovakia Netherlands Latvia Lithuania Estonia
2022 Edition 20 MONTHLY STATISTICAL BULLETIN More information is available at: New housing construction costs index – July 2022 9 September 2022 The following year-on-year rates of change are estimated for new housing construction costs in July 2022: • Construction Cost Index for New Housing (CCINH): 13.4% (12.5% in the previous month); • Price of materials: 17.5% (16.6% in the previous month); • Labour costs: 7.7% (6.8% in the previous month). Concerning the month-on-month rates of change, the estimated rates for July 2022 are: • ICCHN: 1.9% (0.1% in June); • Prices of materials: 1.9% (-1.2% in June); • Labour costs: 1.8% (2.1% in June). Construction costs increased by 13.4% year-on-year Construction Costs Index for New Housing (100=2015) 133.60 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 July 2017 July 2018 July 2019 July 2020 July 2021 July 2022 Number - Index Note: The figures for May, June and July 2022 are provisional. 13.4% 17.5% 7.7% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% July 2020 January 2021 July 2021 January 2022 July 2022 Total Materials Labour Construction Costs Index for New Housing (year-on-year rate of change)
SEPTEMBER 2022 21 MONTHLY STATISTICAL BULLETIN Industrial production prices increased by 22.4% In August 2022, year-on-year: • The Industrial Production Price Index (IPPI) showed an increase of 24.8% (25.6% in the previous month); This outcome remained strongly influenced by how the prices of Energy and Intermediate goods evolved, with rates of changes of 49.7% and 19.7%, respectively (60.9% and 20.4% in July, in the same order); • Excluding Energy and Intermediate goods, the IPPI grew by 11.3% (10.8% in the previous month). If only Energy is excluded, the IPPI variation was +15.3% (identical to that observed in July). 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 – August 2022 19 September 2022 In August, the month-on-month rate of change concerning the IPPI stood at -1.0% (0.8% in the same month of 2021). 22.4% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 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 Aug-22 0.8% 0.0% 0.8% 0.0% 2.4% -1.0% 0.3% 0.3% 0.6% -4.7% -6.0% -5.0% -4.0% -3.0% -2.0% -1.0% 0.0% 1.0% 2.0% 3.0% Total Investment goods Intermediate goods Consumer goods Energy August de 2022 August de 2021
2022 Edition 22 MONTHLY STATISTICAL BULLETIN Year-on-year CPI rate of change estimated at 9.3% Flash estimate We estimate, from the data already available for September 2022, the following year-on-year rates of change: • Overall Consumer Price Index (CPI): 9.3%, a rate higher by 0.4 p.p. than in the previous month and the highest since October 1992; • Core inflation indicator (total index excluding unprocessed foodstuffs and energy products): 6.9% (6.5% in the previous month), the highest record since February 1994; • Energy products Index: 22.2% (1.8 p.p. less than compared to the previous month); • Unprocessed food index: 16.9% (15.4% in August), the highest rate since July 1990. Compared to the previous month, the CPI change in September will have been 1.2% (-0.3% in August and 0.9% in September 2021). We estimate that the average CPI rate of change for the 12 months culminating in September was 6.0% (5.3% in the previous month). More information is available at: CPI/IHPC Flash estimate - September 2022 30 September 2022 The Harmonised Index of Consumer Prices (HICP) is the most appropriate inflation indicator for comparisons between the different countries of the European Union and, particularly, in the Euro Area. We estimate Portugal’s HICP year-on-year rate of change in September to have been 9.8% (9.3% month before). Monthly rate (%)1 Annual rate (%)1 Aug-22 Sept-22 * Aug-22 Sept-22* CPI Total -0.31 1.23 8.94 9.29 All items excluding housing -0.34 1.27 9.21 9.56 All items excluding unproc. food and energy 0.02 1.56 6.49 6.90 Unprocessed food 1.28 0.66 15.43 16.90 Energy -4.94 -0.80 23.99 22.23 HICP Total -0.2 1.3 9.3 9.8 1 Rounded values to two and one decimals. * Estimated values.
SEPTEMBER 2022 23 MONTHLY STATISTICAL BULLETIN Housing prices rose 13.2% in the 2nd quarter of 2022 In the 2nd quarter of 2022, year-on-year: • The Housing Price Index (HPI) increased by 13.2% (+0.3 p.p. than in the previous quarter); • The rise in prices was differentiated, as follows: » 14.7% concerning existing housing; and » 8.4% regarding new dwellings; • The number of dwellings sold (43,607) grew by 4.5%; and • The value of dwellings traded (€8.3 billion) increased by 19.5%. In the 2nd quarter of 2022, compared to the previous quarter: • HPI increased by 3.1% (3.8% in the 1st quarter of 2022); • The increase in prices in existing dwellings was more intense than for the new dwellings: 3.9% and 0.6%, respectively; • Transactions increased by 0.1% (-5.1% in the previous quarter). 13.2% 0% 2% 4% 6% 8% 10% 12% 14% 1Q2017 4Q2017 3Q2018 2Q2019 1Q2020 4Q2020 3Q2021 2Q2022 House Price Index (year-on-year rate of change)
2022 Edition 24 Housing sales (No.) (2nd quarter of 2022) Housing sales (value) (2nd quarter of 2022) Value of housing transactions Total (thousand million euros) More information is available at: House prices index – 2nd quarter of 2022 22 September 2022 In the reference quarter, it was also observed that: • Dwellings acquired by families corresponded to: » 38,181 units (87.6% of the total); and » €7.2 billion (86.7% of the total); • Dwellings acquired by purchasers with no tax residence in the national territory represented: » 6.4% of the total number of transactions (2,783 dwellings); and » 11.9% of the traded value. 7,865 35,742 New dwellings Exis�ng dwellings No. New dwellings Exis�ng dwellings 2,005 6,282 € Million 8.3 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 1Q2017 4Q2017 3Q2018 2Q2019 1Q2020 4Q2020 3Q2021 2Q2022
SEPTEMBER 2022 25 MONTHLY STATISTICAL BULLETIN In August, mortality returned to 2021 values Mortality In August 2022: • 9,257 deaths were recorded, which is lower than in the previous month (-1,462 deaths; -13.6%) and close to that observed in August 2021 (+39 deaths; +0.4%); Deaths and year-on-year rate of change, Portugal, January 2019 to August 2022 Live births In July 2022, 7,150 live births were recorded, an increase of 2.0% compared to July 2021 (7,009). However, the total number of live births recorded in the first seven months of 2022 (45,835) was higher than in the same period in 2021 (45,059), representing a further 776 live births (+1.7%). Live births and year-on-year rate of change, Portugal, January 2019 to July 2022 • The number of deaths due to COVID-19: » It was 227, which represents 2.5% of total mortality; » It recorded decreases compared to the previous month (-233 deaths) and vis-à-vis August 2021 (-155). From January to August 2022, 83,971 deaths were recorded, 1,366 fewer than in the same period of 2021 (-1.6%). 9,030 227 -60 -40 -20 0 20 40 60 80 -15,000 -10,000 -5,000 0 5,000 10,000 15,000 20,000 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 Jul Aug 2019 2020 2021 2022 % No. Deaths excluding COVID-19 (Le� Axis) COVID-19 deaths (Le� Axis) Year-on-year change (Right Axis) COVID-19 PANDEMIC COVID-19 PANDEMIC 7,150 - 0.6% -40 -20 0 20 40 -10,000 -5,000 0 5,000 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 Jul 2019 2020 2021 2022 % No. Live-births (Le� Axis) Year-on-year change (Right Axis)
2022 Edition 26 Natural balance In July 2022, the natural balance was -1,555, worsening compared to the same month of 2021, when it recorded -1,788. In the first seven months of 2022, the cumulative value of the natural balance was -28,730, thus decreasing from that observed in the same period of 2021 (31,027), but worsening when compared to the same period of 2019 (-18,541) and 2020 (-22,035). Live births, deaths and natural balance, Portugal, January 2019 to July 2022 Marriages In July 2022, 4,868 marriages were celebrated, corresponding to an increase of 626 marriages (+14.8%) compared to July 2021*. In the first seven months of 2022, 18,818 marriages were celebrated, 5,903 more than in the same period of 2021 and, respectively, a further 2,006 and 10,648 than in the same months of 2019 and 2020. Marriages and year-on-year rate of change, Portugal, January 2019 to July 2022 More information is available at: Vital statistics – monthly data, August 2022 16 September 2022 -20,000 -15,000 -10,000 -5,000 0 5,000 10,000 15,000 20,000 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 2019 2020 2021 2022 Natural Balance Live-births Deaths No. COVID-19 PANDEMIC 4,868 15% -1,200% -900% -600% -300% 0% 300% 600% 900% 1,200% -10,000 -5 ,000 0 5,000 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 Aug 2019 2020 2021 2022 No. Marriages (Le� Axis) Year-on-year change (Right Axis) * Text corrected on the 9th November 2022
SEPTEMBER 2022 27 MONTHLY STATISTICAL BULLETIN Life expectancy at birth decreased in all regions of the continent In the 2019-2021 triennium: • Life expectancy at birth in Portugal was estimated at 80.72 years, a decrease of 0.34 years (4.1 months) compared to the 2018-2020 (81.06 years); At birth, men could expect to live 77.67 years and women 83.37 years, which, also compared to 2018-2020, corresponds to decreases of 4.8 months for men and 3.6 months for women; Life expectancy at birth in 2019-2021 (years) Life expectancy at birth in 2019-2021 – rate of change compared to 2018-2020 (months) 77.67 83.37 0 10 20 30 40 50 60 70 80 90 Men Women -4.8 -3.6 -6 -5 -4 -3 -2 -1 0 Men Women
2022 Edition 28 MONTHLY STATISTICAL BULLETIN Life expectancy at birth, NUTS III, 2019-2021 • As a result of the increase in the number of deaths in the context of the COVID-19 pandemic, there were also decreases in life expectancy for most NUTS II and NUTS III regions. However, the impact of the COVID-19 pandemic on regions has been differentiated: » By NUTS II, life expectancy at birth decreased in all regions, except for Região Autónoma da Madeira and Região Autónoma dos Açores. The largest decrease was observed in Alentejo (about 7 months); » By NUTS III, there were decreases in all regions of the mainland, the largest in Lezíria do Tejo (-7.44 months) and the lowest in Alto Tâmega (about 1 month);
SEPTEMBER 2022 29 MONTHLY STATISTICAL BULLETIN Life expectancy at age 65, NUTS III, 2019-2021 • Life expectancy at age 65 in Portugal was estimated at 19.35 years (-4.1 months as in the previous triennium), being 17.38 years for men and 20.80 years for women (-4.6 and -3.7 months, respectively, compared to 2018-2020); » By NUTS II, there were reductions in life expectancy at age 65 in all regions, except for Região Autónoma da Madeira, in which it increased slightly. The largest reduction was observed in Alentejo (about 7 months); » By NUTS III, life expectancy at age 65 only did not decrease in the Região Autónoma da Madeira, where there were slight gains in life expectancy of about half a month. The largest decrease was observed in Alto Alentejo (-1.12 years). More information is available at: Portuguese Life Tables - NUTS – 2019-2021 26 September 2022
2022 Edition 30 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 July 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. Overnight stays exceed2019 levels in all regions except inAlgarve Guests and overnight stays In July 20221: • The tourist accommodation sector recorded: » 3.0 million guests, corresponding to year-on-year increases of 85.4% compared to July 2021 (+97.6% in the previous month) and of 6.3% compared to July 2019; » 8.6 million overnight stays, which represents increases of 90.1% (+110.7% in June) and 4.8% compared to the same month of 2021 and 2019, respectively; • The domestic market contributed 2.9 million overnight stays, i.e. 9.1% more compared to 2021 and 15.8% more than in 2019; • The contribution of foreign markets, 5.7 million overnight stays, represents an increase of 205.2% compared to 2021 and a record similar to 2019; 1,025,974 1,633,781 3,029,146 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 July 2020 July 2021 July 2022 Total Non-residents Residents No. 2,631,261 4,538,643 8,628,350 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 9,000,000 10,000,000 July 2020 July 2021 July 2022 Total Non-residents Residents No. Guests in tourist establishments, Portugal Overnights stays in tourist establishments, Portugal
SEPTEMBER 2022 31 In January-July 2022, overnight stays: • Increased 194.3% year-on-year (58.5% for residents and 406.2% in non-residents); • Continued to be fewer (-4.4%) than those recorded in the same period of 2019, which is due to the decrease of 9.4% in non- -residents, as residents experienced an increase of 7.8%; • Taking into account the totality of accommodation facilities (i.e., adding to tourist accommodation establishments, camping and holiday colonies and youth hostels), there were: » 15.5 million guests (an increase of 167.5% year-on-year); » 40.9 million overnight stays (up 176.9% compared to January-July 2021). Revenue In July 2022, in tourist accommodation establishments: • Total revenue amounted to €682.1 million in total (+131.9% year-on-year), of which €535.0 million were for revenue of accommodation (+138.8%); • Compared to July 2019, there were increases of 27.6% in both total income and revenue of accommodation; • Algarve concentrated 37.8% of total income and 37.4% on the accommodation, followed by Área Metropolitana de Lisboa (25.2% and 26.2%, respectively) and Norte (13.3% and 13.5%, in the same order); • The average revenue per available room stood at €86,1, up 113.8% compared to the same month of 2021 (+122.8% in June) and 23.0% compared to July 2019; • The average daily rate reached €127.2, standing for increases of 28.5% compared to July 2021 (+27.2% in June) and 19.0% compared to July 2019. • All NUTS II regions registered year-on-year increases in overnight stays; Algarve concentrated 33.1%of the total, followedby ÁreaMetropolitana de Lisboa (22.7%), Norte (15.6%), RegiãoAutónoma da Madeira (10.5%) and Centro (10.0%); • Compared to July 2019, only Algarve recorded a decrease (-4.5%). The most significant increases occurred in R.A. Madeira (+21.0%), Norte (+14.9%), and Centro (+10.6%). 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 Alentejo RA Açores Centro RA Madeira Norte AM Lisboa Algarve Non-residents Residents No. Overnight stays in tourist accommodation establishments, by NUTS II region – July 2022
2022 Edition 32 MONTHLY STATISTICAL BULLETIN In the first seven months of 2022: • The revenue increased by 239.4% in total and by 242.9% in accommodation compared to the same period of 2021; • Compared to the same period in 2019, there were increases of 10.0% in total income and 11.0% in accommodation. Overnight stays in tourist accommodation establishments, per month Cumulative sum More information is available at: Tourism activity – July 2022 14 September 2022 682,102 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 July August September October November December January February March April May June July August September October November December January February March April May June July August September October November December January February March April May June July 2020 2021 2022 €103
SEPTEMBER 2022 33 1 It includes three housing segments: hotels (hotels, apartment hotels, tourist apartments, tourist villages, "pousadas and quintas da Madeira"), local accommodation with ten or more beds (according to the statistical threshold laid down in Regulation (EU) 692/2011) and tourism in rural areas or lodging tourism. Guests and overnight stays reached maximum in August, yet with a slight reduction in foreign markets compared to 2019 • The average length of stay in tourist accommodation was 2.93 nights, registering a year-on-year decreased of 0.8% (+2.5% in July): » 2.61 nights for domestic tourists (-6.8% year-on-year); » 3.17 nights for inbound tourists (-0.4% compared to the same month last year); • All NUTS II regions recorded year-on-year increases in overnight stays. Algarve concentrated 32.2% of the total, followed by Área Metropolitana de Lisboa (21.1%), Norte (16.5%) and Centro (11.6%); Compared to August 2019, only Algarve recorded a decrease (-4.5%), and the higher increases occurred in R.A. Madeira (+16.9%) and Norte (+15.9%); In August 2022: • The tourist accommodation sector1 registered 3.4 million guests and 9.9 million overnight stays. These results represent, compared to the same month of the previous year, increases of: » 33.0% in guests (85.4% in July); » 31.9% in overnight stays (90.0% in July); Compared to August 2019, there were increases of 1.2% in guests and 2.8% in overnight stays; • The domestic tourists contributed 3.7million overnight stays (+11.4% year-on-year), while inbound tourists totalled 6.2 million (+86.9%); • Compared to August 2019, domestic tourists’overnight stays increased by 8.2%, and the figure for inbound tourists decreased by 0.2%; • The distribution of total overnight stays by accommodation type was as follows: » Hotels and similar: 81.1%; » Local accommodation: 13.8%; » Rural or lodging tourism: 5.1%. 0 10 20 30 40 50 60 70 80 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 106 Overnight stays 2019 2020 2021 2022 Overnight stays in tourist accommodation establishments, per month Cumulative sum Type of accommodation Change vis-à-vis August 2021 Change vis-à-vis August 2019 Hotels and similar +32.1% +2.8% Local accommodation +39.0% 3.8% Rural/lodging tourism +14.2% +26.6% Overnight stays in August 2022 – year-on-year rates of change
2022 Edition 34 Overnight stays in tourist accommodation establishments, per month More information is available at: Tourism activity, Flash estimate – August 2022 30 September 2022 0 500 000 1 000 000 1 500 000 2 000 000 2 500 000 Alentejo RA Açores Centro RA Madeira Norte AM Lisboa Algarve Não residentes Residentes 0 2 4 6 8 10 12 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 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 2018 2019 2020 2021 2022 103 Overnight stays COVID-19 PANDEMIC In August, 11.8% of tourist accommodation establishments were closed or had no guest movement (18.6% in August 2021). In the first eight months of 2022: • Total overnight stays increased by 133.8% year-on-year, breaking down into +33.7% for domestic tourists and +278.4% for inbound tourists; • Compared to the same period of 2019, overnight stays decreased by 3.0%, a change driven by inbound tourists, down by 7.7%. Domestic tourists’ overnight stays had a symmetrical rate of change (+7.7%), but, as mentioned above, they had a much lower expression in total overnight stays. • For overnight stays of inbound tourists in accommodation establishments, compared to August 2019: » In terms of shares, the following issuing markets stood out: - British: 17.7% of total inbound tourists' overnight stays; - Spanish: 17.6%; - French: 12.9%; and - German: 9.2%; » In terms of change, the following issuing markets stood out: - Czech: +51.1%; - North American: +28.3% - Swiss: +25.9%; - Danish: +24.6%; and - Romanian: +24.2%. Overnight stays in tourist accommodation establishments, by region NUTS II – August 2022 (No.)
SEPTEMBER 2022 35 MONTHLY STATISTICAL BULLETIN Average daily passenger landing (104.3 thousand) very close to 2019 level (105.5 thousand) Traffic at national airports, July 2022 (year-on-year rates of change, %) Aircraft landed at national airports In July 2022, at Portuguese airports: • Around 22.8 thousand aircraft landed on commercial flights (+46.6% year-on-year); • The number of passengers, taking all those embarked, disembarked, and on direct transits, amounted to 6.2 million (+122.5% year-on-year); • On average, 104,3 thousand passengers disembarked per day (95.9 thousand in the previous month), approaching what was observed in July 2019 (105.5 thousand); • The movement of cargo and mail amounted to 19.8 thousand tonnes (+20.0% year-on-year); • Compared to July 2019: » The number of aircraft landed was 2.1% lower; » The number of passengers decreased by 1.5%; and » Cargo and mail handled increased by 7.6%. -2.1 -1.5 7.6 46.6 122.5 20.0 -20.0 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 Landed aircraft Passenger traffic Cargo and mail handled Rate of change compared to July 2021 Rate of change compared to July 2019 22,834 0 5,000 10,000 15,000 20,000 25,000 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 Jul 2019 2020 2021 Po 2022 Pe No.
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