Official Portal - Statistics Portugal

Services turnover index decelerated to 4.0%
Business turnover, employment, wage and hours worked indices in services
Services turnover index decelerated to 4.0% - June 2023
08 August 2023


Services turnover index, in nominal terms and adjusted for calendar and seasonal effects, presented a year-on-year change rate of 4.0%, decelarating by 3.7 percentage points (p.p.) from the rate observed in May.

In the 2nd quarter of 2023, the index registered an increase of 5.8% compared to the same period in 2022 (11,2% in the previous quarter).

The month-on-month change rate of the total index was -2.9% in June (2.8% in previous period).

The indices of employment, wages and salaries and number of hours worked adjusted of calendar effects presented year-on-year change rates of 3.5 %, 11.8% and 5.7%, respectively (3.9%, 10.8% and 2.0% in May).

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