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HomeLatest NewsSales in the services sector moderated growth and rose 23.4% in June.

Sales in the services sector moderated growth and rose 23.4% in June.

Date: October 2, 2022 Time: 19:04:33

The service sector increased its turnover by 23.4% in June compared to the same month in 2021, softening the growth recorded in the previous month by 4.2 points, the National Institute of Statistics (INE) said on Thursday. With the onset of June, the least pronounced since March last year, services rose year-on-year for 16 consecutive months after a year of decline. as a result of the pandemic.

In terms of services, the hospitality business (accommodation services and food and beverages) was the sector that increased its sales the most in June. 54.2% compared to the same month in 2021. In particular, accommodation services in June more than doubled their sales year-on-year (+115.7%), while food and drink they billed 32.9% more.

Along with these activities, but outside the hospitality industry, the sales growth of travel agencies and tour operators also stands out, which more than tripled (+214.7%), and air transport, which more than doubled them (+161.8%). On a monthly and seasonally and calendar-adjusted basis, the services sector recorded a decline in June. monthly sales 1.1% after two months of promotion.

For the fifteenth month in a row and after more than a year of decline, employment in the service sector rose in June, and on an annualized basis. 4.8%, eight tenths lower than in May.. The Balearic Islands was the community that added the most jobs in the service sector last June, with a year-on-year growth of 15.6%, and also the region that increased sales the most. 62% year on year.

Source: www.lainformacion.com

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