In June, companies operating in the service sector lost some momentum. According to that activity index prepared by National Institute of Statistics (INE) Income or Number of Employees from these companies, activity in this area decreased by 1.1% compared to May. Later on, the figure grew, although it was far from a significant recovery in April. In addition, although the business volume remained above 20 points compared to the same month of the previous year, the comparison shows that the growth has started to slow down. And that the worst behaving sector is commerce.
In fact, business activity is the only one (-2.1%) that loses its vitality from one month to the next, mainly wholesale trade and for trade agents, business volume contracted by 1.6%. It is also the only branch to reflect worse employment figures than in May. This analysis in terms of labor shows that the companies with the most difficulty are the companies they work with. food, drink and tobacco; those who are devoted agricultural raw materials and live animals and intermediaries Generally.
On the other hand, the hotel sector appeals to the majority by increasing its activity by 3% compared to the previous month and by 54% compared to the same month of the previous year. The stars, in this case, hotels, hostels, apartments and other accommodation companiesdoubles its turnover from one year to the next. Overall, as in commerce, but conversely, this is the best-performing productive sector in terms of employment: in the hotel industry, the occupancy rate is almost two percentage points from May and more than 13 points from May. one year ago.
slowdown in activity
As a whole, the services sector is 23.5% better than a year ago and none of its branches have a lower turnover than then. As a result, this comparison is lower than that left by X-rays in May or April, when the tissue improves its activity by 27% and 25%, respectively.
by communities, Balearic Islands led with Canary Islands Y Galicia on the podium of the next biggest raises. Catalonia slightly below average (service sector activity increased by 21.6% in this community) and ranked sixth, lagging behind Madrid.