August 25, 2023
The monthly variation of the Business Turnover1 stands at −1.2%, after seasonal and calendar adjustment in Spain
The annual rate stands at −5.8% in the seasonal and calendar adjusted series and at −4.9% in the original series
Monthly trend of Business Turnover
The monthly variation of the seasonally and calendar adjusted Business Turnover Index between the months of June and May of 2023 stood at −1.2%. This rate was 1.5 points lower than the previous month.
Of the four analyzed sectors, Electricity and water supply, sewerage and waste management showed the only increase (0.5%). On the other hand, Extractive and manufacturing industries
showed the highest decrease (-2.8%).
Annual trend of the Business Turnover
The Total Business Turnover Index, once adjusted for seasonal and calendar effects, showed a variation of −5.8% in June, as compared with the same month of the previous year. This rate
was three points lower than the one registered in May. The BTI original series registered an annual variation of −4.9%. This rate was 2.4 points lower than the one in May.
Source: INE SPAIN
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