SYNTHESIS INE@COVID-19, 27 Oct -2020

October . 27 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 4/9 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt • The trade confidence indicator decreased slightly in September, interrupting the upward trend observed between May and August, after having decreased significantly in April and attaining the series’ minimum. This evolution reflected the negative contribution of the opinions on the volume of stocks and the perspectives on business activity in the next three months, while the opinions on the volume of sales contributed positively. The confidence indicator decreased in the “Wholesale Trade” subsector, having increased in “Retail Trade” between May and September; • The services’ confidence indicator increased between June and September, after decreasing between February and May, with April recording an abrupt fall, and May reaching a new historical minimum of the series. The behaviour of the indicator in September resulted from the positive contribution of all components: opinions on the evolution of the business situation, opinions on the evolution of the order book, and perspectives on the evolution of the order books, with the latter component recovering from almost all the accumulated reductions, occurred in March and April. In September, the confidence indicators increased in all sections, with the emphasis on “Arts, entertainment and recreation”, “Accommodation and Food Service Activities” and “Transport and Storage Activities”. The economic activity indicator partly recovered between May and August from the significant reductions recorded in the previous two months and from the historical minimum of the series reached in April. By expenditure components, in August: • The quantitative indicator of private consumption presented a slightly more negative year-on-year rate of change than the one recorded in July, after reaching in April the series minimum; • The investment indicator also registered a less intense year-on-year reduction than in the previous month. Sales on passangers cars (year-on-year rate of change) In September, the sales of passenger cars decreased by 9.4% in year-on-year terms, after reductions of 17.6% and 0.1% in July and August respectively. The overall amount of national withdrawals, payment of services, and purchases at automatic payment terminals carried out on the automatic teller machines of the Multibanco network registered a decrease of 4.5% in year-on-year terms (-8.1% in August). Operations carried out on ATM (year-on-year rate of change) -9.4 -100.0 -80.0 -60.0 -40.0 -20.0 0.0 20.0 40.0 60.0 80.0 100.0 Sep-05 Sep-08 Sep-11 Sep-14 Sep-17 Sep-20 y-o-y rate/% -4.5 -50.0 -40.0 -30.0 -20.0 -10.0 0.0 10.0 20.0 Sep-05 Sep-08 Sep-11 Sep-14 Sep-17 Sep-20 y-o-y rate/%

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