In October, a notable rise in company turnover was recorded, marking a 19.1% increase relative to the same month in 2021. This advance helped ease the month-on-month growth by more than seven percentage points, a shift tracked by the Business Turnover Index (ICNE) and reported on a Friday by the National Institute of Statistics (INE). The data highlights a period of revival for the sector, following a challenging year shaped by the Covid pandemic. The performance signals a sustained recovery pattern for many businesses, with the overall trajectory turning distinctly more positive as markets stabilized and demand began to rebound after the disruptions of earlier years.
With this improvement, sales across the corporate network continued to expand, contributing to an annual increase that has now persisted for twenty consecutive months. The upward trend underscores the resilience of the enterprise landscape, reflecting a gradual restoration of consumer activity and trading momentum that had been restrained by the health crisis. The ongoing growth demonstrates how companies have adapted, leveraging new strategies, productivity improvements, and favorable market conditions to rebuild momentum that paused during the height of the pandemic period.
Seasonally adjusted figures and calendar effects were taken into account to reflect a clearer picture of underlying activity. In October, corporate billing rose by 19.9%, a figure that showed a decline of 7.4 points from September. This variation aligns with typical seasonal patterns, offering a more accurate view of the annual cycle by smoothing irregularities caused by calendar quirks and seasonal demand shifts. The adjusted series indicates that October’s performance, while strong, followed a more tempered month-to-month path compared with the previous month, illustrating the natural ebbs and flows experienced in economic activity across the sector.
The monthly record of business invoicing, when examined in raw terms and in adjusted form, reveals a correction of 1.3% for October, compared with a 1.4% increase observed in September. This sequence suggests a modest deceleration in short-term growth, yet it remains consistent with a broader upward trend that characterizes the ongoing expansion of corporate activity. Taken together, the data from October point to a healthier and more stable stage for companies as they navigate the post-pandemic environment, respond to evolving market dynamics, and position themselves for continued throughput in the months ahead.