SYNTHESIS INE@COVID-19, 5 Feb-2021

www.ine.pt page 1/20 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Statistics Portugal makes available the weekly report for monitoring the social and economic impact of the COVID-19 pandemic. This report covers the press releases concerning: - Investment survey – 2 nd Semi-annual 2020, published on January 25; - Tourism Demand of Residents – 3 rd Quarter 2020, published on January 25; - Survey on bank evaluation on housing – December 2020, published on January 28; - Business and consumer surveys – January 2021, published on January 28; - Industrial production index – December 2020, published on January 29; - Monthly Employment and Unemployment Estimates – December 2020, published on January 29; - CPI/HICP Flash Estimate – January 2021, published on January 29; - Business turnover, employment, wage and hours worked index in retail trade – December 2020, published on January 29; - Context indicators for the COVID-19 pandemic in Portugal – Data until January 27, published on January 29. For further details, see the links available throughout this press release. February . 05 . 2021 SYNTH SIS IN @ COVID-19 Business investment will have decreased by 16.3% in 2020 and perspectives for 2021 point to an increase of 3.5% The prospects of firms reported in the October 2020 1 Investment Survey indicate that business investment in 2020 fell by 16.3% in nominal terms. This figure is clearly below the results of the April 2020 (-8.9%) and October 2019 (+3.6%) surveys, largely reflecting the effects of the Covid-19 pandemic on economic activity, which led to the cancellation or postponement of investment decisions. 1 The survey took place between the 1 st of October 2020 and the 14 th of January 2021.