The sales of the service sector moderate their growth to 15.6% in October and add 20 months of promotions

MADRID, 21 Dic.

The sales of the service sector moderate their growth to 15.6% in October and add 20 months of promotions

MADRID, 21 Dic. (EUROPA PRESS) -

The services sector increased its turnover by 15.6% in October compared to the same month of 2021, moderating the rise registered the previous month by more than four points, as reported this Wednesday by the National Institute of Statistics (INE).

With the advance in October, the most moderate since July 2021, the services chain 20 consecutive months of year-on-year increases after a year of falls as a result of the pandemic.

Within services, the greatest increases in sales were registered by administrative activities and auxiliary services (20.6%), transport and storage (15.8%) and hospitality (accommodation services and food and beverage services), which increased its turnover by 14.5% year-on-year.

Specifically, accommodation services increased their sales by 22.8%, while food and beverage services billed 10.7% more than in October 2021.

By activities, the greatest increases in sales were recorded by travel agencies and tour operators (73.4%), and air transport, which increased them by 69%.

In monthly terms and in seasonally and calendar-adjusted data, the services sector registered a monthly decrease in its sales of 0.1% in October after two consecutive months of increases.

For the nineteenth consecutive month and after more than a year of falls, employment in the services sector grew in October, and it did so at an interannual rate of 2.7%, a rate six tenths lower than that of September.

The Balearic Islands was the community that increased job creation in the service sector the most last October, with an interannual rise of 7.8%, while Galicia was the region that increased sales the most, 30.2% in the interannual rate .

NEXT NEWS