2022 Edition 8 MONTHLY STATISTICAL BULLETIN Services turnover increased by 16.8% In December 2021: • The Services Turnover Index1 (STI) registered a nominal year-on-year rate of change of 16.8% (-6.8 percentage points (p.p.) compared with the previous month); • The remaining indices for Services registered the following year-on-year rates of change: » Employment: 3.9% (3.1% in November); » Wages and salaries: 4.3% (4.4% in November); » Hours worked (adjusted of calendar effects): 2.5% (2.7% in November); • The month-on-month rate of change concerning the STI was -4.1% (2.7% in the previous month). 1 Nominal data adjusted of calendar and seasonal effects. Services Turnover Index (year-on-year rate of change) Total Turnover Index (year-on-year rate of change) Wholesale trade, trade and repair of vehicles and motorcycles Turnover Index (year-on-year rate of change) Accommodation and food services Turnover Index (year-on-year rate of change) Transportation and storage More information is available at: Business turnover, employment, wages, and hours worked indices in Services – December 2021 11 February 2022 In the 4th quarter of 2021, the Services Turnover Index increased by 18.6% compared to the same period of 2020 (11.8% in the previous quarter). In 2021 as a whole: • The STI increased by 10.5%, following the 15.7% reduction recorded in 2020; • The following average rates of change were also recorded: » Employment index: -1.6% (-5.8% in 2020); » Wages and salaries index: 2.2% (-4.7% in 2020); » Hours worked index (gross data): 0.1% (-12.8% in 2020). 16.8% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21 11.1% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21 43.5% -100.0% -50.0% 0.0% 50.0% 100.0% 150.0% Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21 36.8% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21
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