Official Portal - Statistics Portugal

Services Turnover Index accelerated slightly
Business turnover, employment, wage and hours worked indices in services
Services Turnover Index accelerated slightly - December 2016
13 February 2017


Services turnover index, in nominal terms and adjusted for calendar and seasonal effects, presented a year-on-year change rate of 9.0% in December (8.0% in November). In the 4th quarter of 2016, the year-on-year change rate was 7.6% (1.1% in the previous quarter). For the year 2016, services turnover index increased 1.5% (change rate of -2.6% in 2015).
The year-on-year change rates of the indices of employment, wages and salaries and number of hours worked were 3.4%, 4.2% and 1.9% respectively (2.7%, 3.4% and 1.7% in November, by the same order). In 2016, the same indices grew 1.6%, 2.1% and 0.5%, respectively (year-on-year change rates of 1.0%, 1.9% and 0.8% in 2015).

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