SYNTHESIS INE@COVID-19, 4 JUN 2021

June . 04 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 7/10 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt • Investment in volume accelerated, registering a year-on-year growth of 3.5%, more intense than the one observed in the previous quarter (0.8%). Total Gross Fixed Capital Formation registered a year-on-year rate of change of 3.7%, 2.7 p.p. more than on the 4 th quarter. Investment (chain-linked volume data, reference year=2016) (year-on-year rate of change) • Exports of goods and services in volume registered a year-on-year rate of change of -9.4% (-14.3% in the previous quarter). Exports of services once again recorded a year-on-year reduction (-38.0%) even more intense than that recorded in the previous quarter (-34.5%), continuing to reflect the strong decline in tourism exports. Exports of goods went from a year-on-year rate of change of -4.8%, in the 4 th quarter, to a growth of 3.5%, partly reflecting a base effect, since the comparison is focused on a quarter already affected by the pandemic. • Imports of goods and services in volume decreased by 4.5% year-on-year, following the 6.1% contraction in the previous quarter. The significant reduction in imports of services is also noteworthy: -18.9% (-17.1% in the 4 th quarter). Imports of goods decreased by 1.7% year-on-year, a less intense reduction than in the 4 th quarter (-3.7%). • Employment (measured as the number of persons and seasonally adjusted), in all branches of the economy, decreased by 1.2% year-on-year, after a reduction of 0.6% in the previous quarter. The number of employees (also seasonally adjusted) registered a year-on-year rate of change of -2.2% (-1.1% in the 4 th quarter). 3.5% -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 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 III IV I 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 More information available at: Quarterly national accounts – 1 st quarter of 2021 (31 May 2021)