SYNTHESIS INE@COVID-19, 15 JUN 2021

June . 15 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 5/10 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt In March 2021, the following year-on-year rates of change, concerning Industry, were also recorded: • Employment: 0.3% (-2.1% in March); • Wages and salaries: 7.8% (1.7% in March); • Hours worked: 30.8% (1.6% in March). Employment, Wages, and Hours worked Index (year-on-year rate of change) Industry Employment Index (year-on-year rate of change) Total Industry Employment Index (year-on-year rate of change) Hours worked More information available at: Business turnover, employment, wages, and hours worked indices in Industry – April 2021 (8 June 2021) Note: Index adjusted of calendar effects 30.8% 7.8% 0.3% 1.6% 1.7% -2.10% Hours worked Wages and salaries Employment Mar-21 Apr-21 0.3% -4.0% -3.5% -3.0% -2.5% -2.0% -1.5% -1.0% -0.5% 0.0% 0.5% Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 30.8% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 General government expenditure close to EUR 100 billion in 2020 In 2020, government expenditure reached EUR 98.1 billion, corresponding to 48.4% of GDP (+5.9 percentage points (p.p.) compared to 2019). This amount of expenditure was significantly lower than the average for all countries in the Euro area (-5.1 p.p.). Compared to 2019, government expenditure increased by 7.8% in nominal terms, largely due to economic policy measures taken to alleviate the impact of the COVID-19 pandemic. Social benefits were themost relevant economic item, representing 19.8% of GDP. The compensation of employees and intermediate consumption weighed 11.7% and 5.6%, respectively.