Company sales narrowed October’s decline to 3.1%, adding to seven straight months of declines

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The turnover of companies decreased by 3.1% last October compared to the same month of 2022slowed the interannual decline by 5.2 points What happened in the previous month according to the Business Turnover Index (ICNE) was published this Thursday by the National Institute of Statistics (INE).

With the decline in October, the company’s sales fell for seven consecutive months compared to the same period the previous year. Positive for 25 consecutive months.

Turnovers of companies adjusted for seasonal and calendar effects decreased 4.8% per year Last October, this rate was 1.4 points higher than in September.

Business invoicing in monthly values ​​and adjusted series decreased by 0.4% compared to September compared to a 0.9% increase recorded in the previous month and a 1.9% monthly decrease in the same month in 2022.

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