SYNTHESIS INE@COVID-19, 25 Jan-2021

January . 25 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 6/21 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt Excluding Fuels and lubricants , enterprises are expecting a 4.5% increase in 2021 (+3.4% in Extra-EU Trade and +4.9% in Intra-EU Trade). Although these figures represent an improvement compared to the perspectives reported by the enterprises for 2020 according to the previous forecast (-13.0% and -11.8%, for total exports and the total excluding Fuels and lubricants respectively), they still won’t allow recovery to values close to those recorded before the pandemic. Should these perspectives be confirmed, the total value of exports of goods in 2021 will correspond to 12.8% less than the total exports of goods recorded in 2019. Concerning the Intra-EU markets, the following perspectives for increased exports in 2021 stand out: • Capital goods (except transport equipment) and parts and accessories thereof (+6.8%); • I ndustrial supplies not elsewhere specified (+5.7%); • Transport equipment and parts and accessories thereof (+5.1%). Exports of goods – perspectives of the enterprises by broad economic categories / 2020/2021 annual nominal rates of change 5.5% 5.1% 4.7% 4.5% 3.4% 2.5% Capital goods (except transport equipment), and parts and accessories thereof Industrial supplies not elsewhere specified Transport equipment and parts and accessories thereof Total excluding Fuels and lubricants Consumer goods not elsewhere specified Food and beverages More information available at: Perspectives on exports of goods, 2021 – 1 st forecast (11 January 2021) Turnover in Services decreases by 15.3% Services Turnover Index (year-on-year rate of change) Total The Services Turnover Index recorded a year-on-year rate of change of -15.3% in November (-12.1% in the previous month). -15.3% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% Nov-19 Jan-20 Mar-20 May-20 Jul-20 Sep-20 Nov-20

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