JULY 25 The services turnover grew by 24.3% In May 2022, year-on-year: • The Services Turnover Index1 (STI) registered a nominal rate of change of 24.3% (+0.6 p.p. compared to the previous month). The section Accommodation and food services activities stood out, with an increase of 64.5%, reaching a level similar to the pre-pandemic period; • The remaining indices related to Services registered the following rates of change: » Employment: 8.0% (the same as in the previous month); » Wages and salaries: 9.8% (12.8% in the previous month); » Hours worked (adjusted of calendar effects): 11.2% (13.7% in the previous month). In May 2022, the month-on-month rate of change concerning the STI was 0.9% (0.4% in April). 1 Nominal data adjusted of calendar ans 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 – May 2022 (12 July 2022) 24.3% 0.0% 10.0% 20.0% 30.0% 40.0% May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 17.7% 0.0% 10.0% 20.0% 30.0% 40.0% May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 64.5% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 140.0% 160.0% 180.0% May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 44.6% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% May-21 Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22
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