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Services Turnover Index slowdown to 0.7%
Business turnover, employment, wage and hours worked indices in services
Services Turnover Index slowdown to 0.7% - August 2023
11 October 2023


Services turnover index, in nominal terms and adjusted for calendar and seasonal effects, presented a year-on-year change rate of 0.7%, which represents a deceleration of 3.3 percentage points (p.p.) from the rate observed in July 2023, practically entirely explained by Whole Sale Trade; repair and maintaince of motor vheichles and motorcycles.

The month-on-month change rate of the total index was 0.3% in August (1.1% 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 3.7 %, 9.4% and 2.2%, respectively (compared to 3.7%, 8.0% and 2.5% in July).

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