SYNTHESIS INE@COVID-19, 21JUL 2021

July . 21 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 4/12 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Compared to May 2020, the turnover in Services increased by 30.5% but decreased by 11.1% vis-à-vis May 2019 In May 2021, the Services Turnover Index 1 (STI) registered a nominal year-on- year rate of change of 30.5% (-12.7 percentage points (p.p.) than in the previous month). It should be noted that this evolution reflects a base effect, given that the comparison focuses on the months of 2020 heavily affected by the pandemic. Compared to May 2019, the STI decreased by 11.1%. In May, the remaining Services indices registered the following year-on-year rates of changes: • Employment: -0.9% (-3.4% in April); • Wages and salaries: 10.0% (4.9% in April); • Hours worked: 24.0% (19.8% in April). More information available at: Business turnover, employment, wages, and hours worked indices in services – May 2021 (13 July 2021) Services Turnover Index (year-on-year rate of change) Total Turnover Index (year-on-year rate of change) Wholesale trade, trade and repair of vehicles and motorcycles Turnover Index (year-on-year rate of change) Accommodation and food services Turnover Index (year-on-year rate of change) Transportation and storage 30.5% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 27.7% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 120.6% -100.0% -50.0% 0.0% 50.0% 100.0% 150.0% May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 36.4% -50.0% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% May-20 Jul-20 Sep-20 Nov-20 Jan-21 Mar-21 May-21 1 Nominal data adjusted for calendar effects and seasonality. In May 2021, concerning month-on-month rates of change: • The total index increased by 0.8%, decelerating compared to April, which accounted for 5.4%; • The index of Accommodation, restaurants and similar accelerated significantly, increasing to 38.5% (27.9% in April).