SYNTHESIS INE@COVID-19, 15 Sept -2020

September . 15 . 2020 SYNTH SIS IN @ COVID-19 www.ine.pt page 10/15 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt More information available at: Construction: building permits and completed buildings – 2 nd quarter of 2020 (11 September 2020) The number of licensed buildings showed a decreasing trend, in year-on-year terms, from January to May 2020. This trend accelerated fromMarch to May, with the highest negative year-on-year rate of change in April (-25.8%). In June and July 2020, positive year-on-year rates of change of 7.5% and 2.8% respectively were recorded. Of the total licensed buildings in the 2 nd quarter of 2020, 72.6% corresponded to new constructions; of these, 82.6%were meant to become family housing. Of the total completed buildings in this period, 78.7% corresponded to new constructions, of which 78.2% would become family housing. Permits and completed buildings (quarterly year-on-year change) -14.7% -2.8% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 2Q15 4Q15 2Q16 4Q16 2Q17 4Q17 2Q18 4Q18 2Q19 4Q19 2Q20 Building permits Completed buildings In comparison with the previous quarter, the number of building permits decreased by 16.0% (+2.4% in the 1 st quarter of 2020) and the number of completed buildings declined by 21.9% (+11.5% in the 1 st quarter of 2020). The Services Turnover Index decreased by 16.2% In July, the Services Turnover Index decreased by 16.2% in year-on-year terms (-22.5% in the previous month). Services Turnover Index (year-on-year rate of change) Total -16.2% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% Jul-19 Sep-19 Nov-19 Jan-20 Mar-20 May-20 Jul-20