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% - July 2023
11 September 2023


Services turnover index, in nominal terms and adjusted for calendar and seasonal effects, presented a year-on-year change rate of 4.0%, which represents a slowdown of 0.4 percentage points (p.p.) from the rate observed in June 2023.

The month-on-month change rate of the total index was 1.0% in July (-2.7% 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 4.1 %, 8.5% and 2.9%, respectively (compared to 3.8%, 12.3% and 5.9% in June).

Press release
Download the document PDF (214 Kb)
Excel Excel (387 Kb)
ZIP CSV (134 Kb)