SYNTHESIS INE@COVID-19, 14 July 2020

July . 14 . 2020 page 10/13 Communication Unit | tel: +351 21 842 61 00 | sci@ine.pt www.ine.pt SYNTH SIS IN @ COVID-19 The month-on-month rate of change in the turnover index was +10.3% (-25.4% in April). The year-on-year rates of change in the Services turnover index, together with the rates of change in Manufacturing, provide an indication of the magnitude of the change in economic activity that occurred in May, continuing, albeit in a less intense way, what had already happened in April. Services Employment Index (year-on-year rate of change) Total -8.5% -10.0% -8.0% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Services Wages and Salaries Index (year-on-year rate of change) Total -13.20% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Employment In May, the Services employment index registered a year-on-year decrease of 8.5% (-6.3% in April). The month-on-month rate of change in the Employment index was -1.4% (-5.2% in April). Turnover index (year-on-year rate of change) Transportation and storage -44.7% -60.0% -50.0% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% May-19 Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Wages and salaries In year-on-year terms, in May, the rate of change in the Wages and salaries effectively paid in Services index was -13.2% (-10.7% in April). Compared to the previous month, the Wages and salaries in the services index recorded a nil rate of change in May (+2.9% in the same month in 2019).