03 Jul

Business Turnover Index (BTI) in Spain registers a -0.7% monthly variation

According to the last report published by the Instituto Nacional de Estadística (INE), in April, Business Turnover Index (BTI) in Spain registers a -0.7% monthly variation, after adjusting for seasonal and calendar effects. The annual rate of the BTI stands at 4.3% in the series adjusted for seasonal and calendar effects and at 10.0% in the original series.

The monthly variation of the general Business Turnover Index (BTI) between the months of April and March 2018, after adjusting for seasonal and calendar effects was -0,7%. This rate is 1.7 points lower than that of the previous month.

Of the four sectors analysed, two presented positive monthly rates and two showed negative rates. Extractive and manufacturing industries presents the greatest monthly increase (0.4%), while Trade records the greatest decrease (–1.7%).

Annual Evolution of the BTI

The General Business Turnover Index adjusted for seasonal and calendar effects registered a 4.3% variation in April, as compared with the same month of the previous year. This rate is 2.2 points lower than that registered in March.

The BTI original series experienced an annual variation of 10.0%. This rate is 8.7 points higher than that registered in March. According to the report, the indices adjusted for seasonal and calendar effects showed positive annual rates in all the sectors analysed.

About BTI

The Business Turnover Index (BTI) offers a joint and weighted measurement of the Turnover of the following economic sectors: Extractive and manufacturing industries, Electricity and water supply, sewerage and waste management, Trade and Market non-financial services.

The BTI is a value index that measures turnover evolution of the sectors it is formed by, therefore the information presented is always in current terms of each period. Activities included in the BTI represent 48.5% of GDP at market prices. This percentage increases to 65.9% if Public Administrations and net Taxes on products are excluded.

Click here for further information. And remember if you have workers in Spain or if you are thinking about forming a company in Spain, don´t hesitate to contact our team of experts.

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