SYNTHESIS [email protected], 22-jun-2020

June . 22 . 2020 page 2/19 Communication Unit | tel: +351 21 842 61 00 | [email protected] www.ine.pt SYNTH SIS IN @ COVID-19 In May, the average value of owed capital for all contracts increased by EUR 124 euros compared with the previous month, standing at EUR 54,010. The average value of loan repayments decreased by EUR 10 to EUR 227 (following a monthly reduction of EUR 12 in April, the highest recorded since June 2009). Average owed capital 54,010 € 50,000 € 50,500 € 51,000 € 51,500 € 52,000 € 52,500 € 53,000 € 53,500 € 54,000 € 54,500 € - Feb 18 Ma 1 y- 7 Aug-17 v No -17 - Feb 19 May-18 u - A g 18 v No -18 - Feb 20 Ma 1 y- 9 u - A g 19 Nov-19 May-20 The reductions in the implicit interest rates and in the monthly average loan repayment registered in May might be associated with changes resulting from the moratorium regime, which suspends, for six months, the payment, in full or in part, of the monthly loan repayment of households with housing loans. The implicit interest rate for housing loan agreements decreased to 0.918% (0.964% in April). Regarding the contracts signed in the last 3 months, this interest rate was fixed at 0.838%. More information available at: Implicit interest rates for housing loan agreements – May 2020 (18 June 2020) Tourist activity with almost null expression The tourist accommodation sector registered 60.1 thousand guests and 175.5 thousand overnight stays in April 20202, corresponding to year-on-year rates of change of -97.4% and -97.0% respectively (-62.6% and -58.7% in March 2020, in the same order). The number of overnight stays of both residents and non-residents decreased very sharply: 93.0% (-58.1% in March) and 98.6% (-58.9% in March), respectively. The number of overnight stays in local accommodation establishments declined by 91.4% and those spent in rural/lodging tourism fell by 94.2%. Overnight stays in hostels registered a decrease of 92.7%. In the first four months of 2020, there was a 45.8% decrease in total overnight stays, resulting from year-on-year rates of change of -39.0% for residents and -46.7% for non-residents.

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