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Industry Turnover decreased by 11.8%
Business turnover, employment, wage and hours worked indices in industry
Industry Turnover decreased by 11.8% - March 2024
08 May 2024


The Industry Turnover Index showed a nominal change rate of -11.8% in March (-0.5% in the previous month). Excluding the Energy grouping, turnover change rate shifted from 0.5% in February to -12.5% in March. Domestic market and non-domestic market change rates were -10.5% and -13.9% (-1.5% and 1.1% in the previous month), respectively. These results were partially influenced by the fact that March had fewer three labor days than the same month in 2023. 

In the 1st quarter 2024, industrial turnover year-on-year change rate was -5.4% (-5.3% in the previous quarter). 

Employment and hours worked fell by 0.3% and 9.3% respectively in March, compared with increases of 0.3% and 2.4% respectively in the previous month. Wages and salaries grew by 6.1% (7.6% in February).

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