SYNTHESIS INE@COVID-19, 18 May-2021

May . 18 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 4/23 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt 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 – March 2021 (10 May 2021) Note: Index adjusted of calendar effects In March 2021, the following year-on-year rates of change were also recorded in Industry indices: • Employment: -1.9% (-2.6% in February); • Wages and salaries: +1.3% (+0.9% in February); • Hours worked: +1.5% (-11.5% in February). -1.5% -30.0% -25.0% -20.0% -15.0% -10.0% -5.0% 0.0% Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 -1.9% -4.0% -3.5% -3.0% -2.5% -2.0% -1.5% -1.0% -0.5% 0.0% Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 1.5% 1.3% -1.9% -11.5% 0.9% -2.6% Hours worked Wages and salaries Employment Feb-21 Mar-21 Services turnover grew by 0.7% The Services Turnover Index (STI) registered a nominal year-on-year rate of change of 0.7% in March 2021 (+20.6 percentage points (p.p.) from the previous month). These results partially reflect the comparison with a month already heavily affected by the COVID-19 pandemic (March 2020). In the 1 st quarter of 2021, the STI recorded a decrease of 12.7% compared to the same period of 2020 (-13.4% in the previous quarter). In March, the remaining Services indices presented the following year-on-year rates of change: • Employment: -9.0% (-9.6% in February); • Wages and salaries: -5.9% (-7.4% in February); • Hours worked (calendar effect adjusted): -14.6% (-25.0% in February).