Sales in the service sector resume their rise after rising 1.5% in July

MADRID, 21 Sep.

Sales in the service sector resume their rise after rising 1.5% in July


The services sector increased its turnover by 1.5% last July compared to the same month in 2022, thus resuming the promotions after its first drop in sales in June after 27 months of year-on-year increases, as reported by this Thursday the National Institute of Statistics (INE).

The advance registered in July was a consequence of the rebound in billing in other services, since that of commerce recorded a year-on-year drop of 0.6% motivated by the decline in sales in wholesale trade (-6.7%). . On the other hand, the sale and repair of vehicles and motorcycles had a turnover of 17.7% more compared to July 2022, and retail trade, 7.9% more.

For their part, other services increased their sales by 5.4% year-on-year in July, driven by professional activities (12.3%), information and communications (11.7%), hospitality (6.3%) and administrative activities, which billed 5.8% more. On the other hand, transportation and storage sales fell 3.6%.

Within the hospitality industry, accommodation services increased their sales by 7.2%, while food and beverage services invoiced 5.6% more than in July 2022.

In monthly terms (July over June) and in data corrected for seasonality and calendar, the services sector registered a monthly increase in sales of 0.8% in the seventh month of the year, its largest monthly increase since last February.

For the twenty-eighth consecutive month, employment in the services sector grew last July, and it did so at an interannual rate of 1.9%, a rate one tenth lower than that of June.

The Balearic Islands was the community that increased job creation the most in the services sector last July, with a year-on-year increase of 4.5%, and also the one that increased sales the most, 11.5% year-on-year.