SYNTHESIS INE@COVID-19, 07 may-2021

May . 07 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 8/15 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Comparing the year under the COVID-19 pandemic (March 2020 to February 2021) with the previous year, the employed population decreased by 2.1% and all the remaining indicators increased as follows: • Inactive population: 3.0%; • Unemployed population: 6.7%; • Unemployment rate: 0.6 p.p.; • Work underutilisation: 12.4%; • Work underutilisation rate: 0.6 p.p. Unemployment* rate in the youth and adult population Feb. 2021 and Mar. 2021 22.9% 5.8% 23.0% 5.4% Youth popula�on Adult popula ti on Feb-21 Mar-21 * Values for March 2021 are provisional. Retail trade business turnover index close to the one recorded one year ago The Retail Trade Turnover Index went from a year-on-year rate of change of -14.3% in February to -0.1% in March, reflecting the strong recovery of Food Products . The following year-on-year rates of change were also recorded in March 2021: • Employment index: -5.0% (-57% in February); • Wages and salaries index: -4.9% (-5.0% in February); • Hours worked index: -8.5% (-21.5% in February). In the 1 st quarter of 2021, the sales in retail trade decreased by 8.4% year-on-year (-2.0% in the 4 th quarter of 2020). Turnover in Retail Trade (deflated) year-on-year rate of change (%) Hours Worked (calendar effects adjusted) year-on-year rate of change (%) -0.1% - 2.0% 1.8% -40.0% -35.0% -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Total Food products, beverages and tobacco Non-food products Total Food products, beverages and tobacco Non-food products -8.5% 4.6% -17.9% -50.0% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 More information available at: Monthly employment and unemployment estimates – March 2021 (29 April 2021) More information available at: Business turnover, employment, wages, and hours worked index – March 2021 (29 April 2021)