SYNTHESIS INE@COVID-19, 9 mar-2021

March . 09 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 2/18 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Invoicing value, NUTS 2 and Portugal March to December 2020 Year-on-year growth rate Invoicing value, NUTS 2 and Portugal March to July and August to December 2020 Year-on-year growth rate -9.1 -9.6 -10.1 -12.9 -14.3 -18.2 -21.6 -27.4 -30 -25 -20 -15 -10 -5 0 Centro Norte Alentejo R.A. Açores PORTUGAL A.M. Lisboa R.A. Madeira Algarve % Centro Norte A.M. Lisboa Alentejo Algarve R.A.Açores R.A. Madeira PORTUGAL -45 -30 -15 0 March to July 2020 August to December 2020 % • Weighting the year-on-year growth rate of invoicing value in each branch of economic activity by their respective weight in total invoiced amount, it can be concluded that the total contraction recorded from March to December 2020 (-14.3%) was mainly due to Wholesale and retail trade ; Repair of motor vehicles and motorcycles activities (-4.2 p.p., branch 4G) and Industrial activities (-4.0 p.p., branch 2), which together accounted for 57.2% of the total reduction; • At the sub-regional level, in nine out of the 25 NUTS 3 sub-regions, Industrial activities branch contributed more than half to the year-on-year contraction in invoicing value; • From March to December 2020, the invoicing values of the Accommodation activities and Arts, entertainment, sports and recreation activities represented less than half of the invoiced amount in the same period of 2019; In the framework of a protocol signed between the two entities, Tax and Customs Authority transmits monthly information to Statistics Portugal obtained through the E-invoice system (E-fatura). This information allows the evaluation of the economy behaviour from a regional perspective in the period from March (beginning of the pandemic economic effects) to December 2020 (last month available) compared to the same period in 2019. Some of the main findings: • Between March and December 2020, there was, in Portugal, a homologous decrease of 14.3% in the invoicing value and, recording values above the national average, Algarve (-27.4%), Região Autónoma da Madeira (-21.6%) and Área Metropolitana de Lisboa (-18.2%) stood out; • In Portugal and in all NUTS 2 regions, this contraction was more intense from March to July (-18.9% in Portugal), than in the period from August to December (-9.8%); • More than 70% of the decrease recorded in Portugal from March to December 2020 was due to the reduction in the invoicing value in Área Metropolitana de Lisboa (AML) and Área Metropolitama do Porto (AMP);