SEPTEMBER 2022 17 MONTHLY STATISTICAL BULLETIN Services turnover accelerated to 23.7% In July 2022, year-on-year: • The Services Turnover Index1 (STI) recorded a nominal rate of change of 23.7%, which corresponds to an increase of 2.9 p.p. compared to the previous month; It should be noted that: » The section Accommodation and food service activities showed a growth rate of 62.3%, the respective index being 3.0% above the pre-pandemic period; » This was the first month in which all sections had activity levels above February 2020, the last pre-pandemic month; • The remaining indices for Services showed the following rates of change: » Employment: 7.4% (7.7% in June); » Wages and salaries: 10.2% (8.8% in June); » Hours worked (adjusted for calendar effects): 7.2% (equal value in June). In July 2022, the month-on-month rate of change regarding the STI was 0.7% (0.8% in the previous month). 1 Adjusted nominal data of calendar effects and seasonality. More information is available at: Business turnover, employment, wages, and hours worked indices in Services – July 2022 9 September 2022 62.3% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% 120.0% 140.0% 160.0% 180.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 18.8% 0.0% 10.0% 20.0% 30.0% 40.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 41.5% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22 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 23.7% 0.0% 10.0% 20.0% 30.0% 40.0% Jul-21 Sep-21 Nov-21 Jan-22 Mar-22 May-22 Jul-22
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