SYNTHESIS INE@COVID-19, 25 Jan-2021

January . 25 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 2/21 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt In the framework of a protocol signed between the two entities, the 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 economic behaviour from a regional perspective in the period from March (beginning of the pandemic economic effects) to November 2020 (last month available) compared to the same period in 2019. Some of the main findings: • In Portugal, between March and November of 2020, there was a year-on-year decrease of 14.8% in the invoicing value and, recording values above the national average, the Algarve (-29.1%), Região Autónoma da Madeira (-21.9%) and Área Metropolitana de Lisboa (-18.4%) stood out; • In Portugal and all NUTS 2 regions, this contraction was more intense fromMarch to May (-23.1% in Portugal), the period of confinement associated with the first Emergency State. Invoicing value, NUTS 2 and Portugal March to November 2020 Year-on-year growth rate Invoicing value, NUTS 2 and Portugal March to November 2020 Year-on-year growth rate • Weighing the year-on-year variation of the invoicing value in each economic activity branch by the respective weight in total invoicing, it is possible to conclude that the total contraction recorded from March to November 2020 (-14.8%) was mainly due to the Trade and Industrial Activities branches (-4.3 p.p. and -4.1 p.p., respectively), which together accounted for 57.1% of the total reduction; • At the sub-regional level, in nine out of the 25 NUTS 3 sub-regions, the Industrial activities branch contributed more than half to the year-on-year contraction of the invoiced value.

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