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Spain's business turnover index up 1.1% in July 2023

26 Sep '23
1 min read
Pic: Shutterstock
Pic: Shutterstock

Insights

  • Spain's business turnover index (BTI) increased by *.* per cent month-on-month in July 2023, marking a *.*-point increase from June 2023.
  • Despite this monthly uptick, the country's BTI saw an annual decrease of *.* per cent in July 2023 compared to July 2022.
  • Among the four sectors analysed, the trade sector lead with a *.* per cent increase.

Among the four sectors analysed, none displayed negative monthly growth rates, with the trade sector leading with a *.* per cent increase.

Despite this monthly boost, the annual comparison was less optimistic. After seasonal and calendar adjustments, the total business turnover index in July **** saw a decrease of *.* per cent compared to the same month in the previous year. This annual rate is, however, *.* points higher than what was registered in June, as per the National Statistics Institute.

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