The turnover of the service sector fell by 0.7% in June of this year compared to the data for the same period in 2022, after 27 months of consecutive year-on-year increases, according to data from the National Institute of Statistics (INE).
This cut is due to the contraction in trade sales, which resulted in 2.9% less turnover than the same month in 2022, especially thanks to a drop of 8.9% in wholesale trade sales. The vehicle and motorcycle sales and repair sector, on the other hand, increased its turnover by 13.7% year-on-year, while trade decreased by 6.6%.
As for the rest of the services, sales increased by 3.8% compared to June of last year, with the hotel industry seeing an increase of 9.8%, a rise of 9.3% in administrative activities, a turnover of 6.1 % higher in professional activities and growth of 5.4% in information and communications. Transportation and storage sales, for their part, fell by 4.6%.
Tourism is the fastest growing sector
Within the hotel industry, accommodation services increased their sales by 12.8%, while food and beverage services billed 8.2% more than in June 2022. By activity, the greatest year-on-year increases in sales were They were recorded by travel agencies and tour operators (+21.8%) and information services, which increased them by 18.5%.
In monthly terms (June over May) and in seasonally and calendar-adjusted data, the services sector increased a monthly decrease in sales of 1.1% in the sixth month of the year, the highest monthly decline since December 2022.
For the twenty-seventh consecutive month, employment in the services sector grew last June, and it did so at an interannual rate of 2%, a rate one tenth higher than that of May. The Balearic Islands was the community that increased job creation in the service sector the most last June, with an interannual rise of 5.9%, and also the one that increased sales the most, 10.5% in the interannual rate.
