SYNTHESIS INE@COVID-19, 31-Aug-2020

Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt www.ine.pt pág. 3/5 August . 31. 2020 SYNTH SIS IN @ COVID-19 Consumer confidence and economic climate indicators increase in August The consumer confidence indicator increased in August, continuing the recovery started inMay, after the largest decline, compared to the previous month in April. The economic climate indicator increased between May and August, after reaching the series minimum value in April. -0.3 -6 -5 -4 -3 -2 -1 0 1 2 3 BER Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 J n-20 a Feb-20 Mar-20 Apr-20 Ma -2 y 0 Jun-20 J l 2 u- 0 Aug-20 BER – Balance of extreme responses The confidence indicators recovered in all sectors in August: • The Manufacturing Industry Confidence Indicator increased between June and August, albeit slightly in the last month, after registering the series minimum value in May, following the abrupt reduction recorded in April. This record had a positive contribution from the balance of appraisals related to the evolution of global demand, while the company’s production perspectives and opinions on the current stocks of finished products contributed negatively; • The Construction and Public Works confidence indicator recovered between May and August, after registering in April the sharpest decrease in the series, reaching the minimum value since November 2015. The recovery in the last three months reflected the significant positive contribution of both the balance of opinions on order books and perspectives on employment; • The Trade confidence indicator increased between May and August, after the significant decrease registered in April when it reached the minimum value of the series. This outcome reflected the positive contributions of opinions on the volume of sales and the appraisals related to the volume of stocks (the first being more expressive). In turn, the balance of the company’s perspectives for activity in the next three months decreased, after having fully recovered between May and June from the historical minimum of the series observed in April; • The Services confidence indicator also increased in June and August, after declining between February and May, when it reached the historical minimum value of the series. The increase recorded in August resulted from the positive contributions of the opinions on the company’s activity and the appraisals on the evolution of the order book, with a worsening of the perspectives on the evolution of demand, after having recovered almost all the reductions accumulated in March and April. Economic Climate Indicator

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