SYNTHESIS INE@COVID-19, 3 set-2021

September . 03 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 11/12 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Final Consumption Expenditure Resident Household (year-on-year rate of change) • The durable goods component increased by 34.3% year-on-year, after negative rates in the two previous quarters (-7.8% in the 1 st quarter of 2020 and -25.9% in the 2 nd quarter of 2020); • Total Gross Fixed Capital Formation (GFCF) registered a year-on-year growth of 12.5% (4.2% in the previous quarter and -8.6% in the 2 nd quarter of 2020); Investment (chain-linked volume data, reference year=2016) (year-on-year rate of change) • Investment in volume accelerated, regis- tering a year-on-year growth of 10.5% (rates of change of 3.9% in the previous quarter and -10.0% in the 2 nd quarter of 2020); • Exports of Goods and Services in volume registered a year-on-year rate of change of 39.4% in the 2 nd quarter (-9.6% in the previous quarter and -39.2% in the 2 nd quarter of 2020); • Exports of goods went from a year-on-year rate of change of 3.1% in the 1 st quarter to 41.3% and exports of services increased by 33.6% in the 2 nd quarter, after the sharp reductions recorded since the beginning of the pandemic (-52.2% in the 2 nd quarter of 2020), mainly as a result of the sharp contraction of tourism activity; • Imports of goods and services in volume increased by 34.3% year-on-year, following a 4.3% decrease in the previous quarter. Imports of goods registered a year-on-year growth rate of 35.5% (down 1.5% in the 1 st quarter), with imports of services rising 27.9% (down 18.9% in the previous quarter). Also of note was the significant decline in imports of services: -18.9% (-17.1% in the 4 th quarter); • Employment (measured as a number of individuals and seasonally adjusted), in all sectors of the economy, increased by 4.3% year-on-year, after a 1.2% reduction in the previous quarter. Paid employment (also seasonally adjusted) registered a year-on-year rate of change of 3.5% (-2.2% in the 1 st quarter). 34.3% 18.1% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Durable goods Total 10.5% -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II III IV I II 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 More information is available at: Quarterly national accounts – 2 nd quarter of 2021 (31 August 2021)