The turnover of companies increased by 18.6% in August compared to the same month of 2020, expanding by more than six points the rise registered in July, according to the Business Turnover Index (ICNE) published this Monday by the National Institute of Statistics (INE).

With this rebound, the sales of the companies chain six consecutive months of year-on-year increases after having spent a negative year due to the impact of the Covid.

In the original series, all sectors presented positive interannual rates in August, especially energy and water supply, which increased its sales by 48.3%, and services, which increased its turnover by 21.8% compared to the same month from last year. They are followed by industry and commerce, with year-on-year increases of 17.1% and 13.7%, respectively.

Adjusted for seasonal and calendar effects, company turnover increased by 16.6% in August, a rate 2.1 points higher than in July.

The largest increases in the corrected series were also for energy and water supply (+ 46.7%) and services (+ 21.4%), followed by industry (+ 14.1%) and commerce (+ 12.2%).

Monthly sales increase of 1.7%

In monthly values ​​(August over July), business turnover grew by 1.7%, a rate eight tenths higher than the previous month and with which four consecutive months of monthly promotions are linked.

All the sectors analyzed presented positive monthly rates in August, with the supply of electricity leading the way (+ 8.4%). It is followed by services (+ 3.8%); industry, which increased its sales by 2.3%, and commerce, which increased sales by 0.6%.

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