SYNTHESIS INE@COVID-19, 11-may-2020

May . 11 . 2020 page 4/14 Communication Unit | tel: +351 21 842 61 00 | sci@ine.pt www.ine.pt SYNTH SIS IN @ COVID-19 COVID-19: monitoring the impact of the pandemic on enterprises Statistics Portugal and the Banco de Portugal launched the Fast and Exceptional Enterprise Survey – COVID-19, weekly, intending to identify the effects of the pandemic on business activity. The survey is necessarily short in order not to overburden enterprises and seeks to capture the impacts in terms of activity, turnover, the number of employees, the use of Government supporting measures, financial liquidity, access to credit, and prices. The enterprises that responded to the 4th week of the survey (from April 27 to May 1, 2020) reported the following: • 84% remained in production or operation, even if partially. • 15% were temporarily closed. • 1% had been definitely closed. Quarterly level Structure Portugal (1 st Quarter 2020) (Thousands) (%) Total 50,8 100,0% Dismissed or made redundant 7,6 14,9% A job of limited duration has ended 12,2 24,0% Other reasons (e.g. termination by mutual consent, layoff, self-employed persons who went out of business) 19,9 39,1% Other reasons than the above listed 11,2 22,0% More information available at: Employment statistics, 1 st Quarter 2020 (6 May 2020) The containment measures of the COVID-19 pandemic have led to the permanent or temporary closure of many enterprises, which may have contributed to the decrease of the employed population in the 1 st quarter of 2020. Waiting for reintegration in the previous job also contributed to the increase in the number of the inactive population (aged 15 to 74) that did not look for work, i.e. 13.5 thousand more people (89.7%) than in the previous quarter. Similarly, other people will not have made an active search for work due to restrictions on movement, associated with the state of emergency and the obligation of confinement, which covered both previously classified and employed people and unemployed people. Inactive population aged 15 and over that has stopped working in 2020

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