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Services Turnover Index grew 5.1%
Business turnover, employment, wage and hours worked indices in services
Services Turnover Index grew 5.1% - March 2024
13 May 2024

Summary

Services turnover index, in nominal terms and adjusted for calendar and seasonal effects, presented a year-on-year rate of change of 5.1%, up by 0.5 percentage points (p.p.) from the rate observed in February 2024.

In the 1st quarter of 2024, the index increased by 4.7% compared to the same period in 2023 (4.6% in the previous quarter).

The monthly rate of change of the total index was 2.6% in March (0.9% in the previous period).

The indices of employment, wages and salaries and number of hours worked adjusted for calendar effects presented year-on-year rates of change of 4.4 %, 12.0% and -0.3%, respectively (compared to 5.4%, 12.6% and 0.9% in February).


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