Monthly turnover trend and sector comparisons for March
In March, the company’s turnover shows a notable year over year uptick. The latest figures come from the National Institute of Statistics, which released the Business Turnover Index for March alongside a comparison with March 2022. The index indicates a rise of 6.5 percent from the same month a year earlier, following a 6 percent gain recorded in February. The momentum suggests a sustained recovery after the Covid-19 downturn, with overall turnover climbing by half a percentage point month over month and maintaining a firm upward path into the spring season.
The March performance also reflects a broader recovery across most sectors. Across the board, most industries posted positive annual variations, with two notable exceptions: electricity and water supply, which contracted by 19.4 percent compared with the previous year. The standout performer was the services sector, which led the gains with an 11.5 percent increase versus March 2022, signaling stronger demand and higher activity in service-oriented activities. The industrial segment followed, expanding turnover by 9.7 percent, while the trade sector recorded a 9 percent rise in sales compared with March of the prior year.
After adjusting for seasonal fluctuations and calendar effects, turnover rose by 7.2 percent in March from the prior year. This adjusted figure marks an increase of eight-tenths of a point relative to February, underscoring a robust month of growth when normal factors are accounted for. Among the components of the adjusted series, services again posted the largest rise at 12 percent, followed by industry at 10.3 percent and trade at 9.7 percent. The energy and water supply segment continued to lag, with a reduction of 19.4 percent in the adjusted series.
Monthly momentum paused for some sectors, with overall billing at constant monthly values within the adjusted series indicating stagnation for March after a modest 0.3 percent rise in February. The third month of the year saw services grow by about 0.5 percent, while other sectors faced declines. Electricity and water supply fell by 3.2 percent, industry by 2.8 percent, and trade registered a milder decrease of 0.6 percent. These movements illustrate a mixed landscape where service activity leads gains but energy and manufacturing sectors experience softer demand.