The turnover of companies increased by 12.2% in July compared to the same month of 2020, moderating by almost 10 points the rise recorded in June, according to the Business Turnover Index (ICNE) published this Friday by the National Institute of Statistics (INE). With this rebound, the sales of the companies chain five consecutive months of year-on-year increases after a negative year by the impact of Covid.
All sectors presented positive interannual rates in July, especially energy and water supply, which increased its sales by 29.5%, and services, which increased its turnover by 16.2% compared to the same month last year. They are followed by industry and commerce, with year-on-year increases of 10.5% and 9.4%, respectively.
Adjusted for seasonal and calendar effects, company turnover increased by 14.3% in July, a rate 7.2 points lower than that of June.
The largest increases in the corrected series were also for energy and water supply (+ 32.6%) and services (+ 17.4%), followed by industry (+ 13.7%) and commerce (+ 10.6%).
In monthly values (July over June), business turnover grew 0.9%, a rate more than one point lower than the previous month and with which three consecutive months of monthly promotions are linked.
Two of the four sectors analyzed presented positive monthly rates in July: industry, which increased its sales by 1.8%, and services, which increased by 1.7%. In contrast, commerce cut its monthly billing by 2.2%, while the supply of electricity and water billed 0.1% less than in June.