The monthly variation of the Business Turnover stands at 1.6%, after seasonal and calendar adjustment in Spain
The monthly variation of the seasonally and calendar adjusted Business Turnover Index (BTI) in Spain between the months of August and July of 2018 stood at 1.6%. This rate was two points higher than the previous month.
The annual rate stands at 7.5% in the seasonal and calendar adjusted series and at 7.7% in the original series, according to the last figures released by INE (National Statistics Institute).
Of the four analyzed sectors, all showed positive monthly rates. Electricity and water supply, sewerage and waste management (4%) and Trade (2.5%) showed the highest increases.
Annual trend of the Business Turnover
The Total Business Turnover Index, once adjusted for seasonal and calendar effects, showed a variation of 7.5% in August, as compared with the same month of the previous year. This rate was 1.2 points higher than the one registered in July.
The BTI original series registered an annual variation of 7.7%. This rate was six tenths lower than the one in July.
The Business Turnover Index (BTI) is a short-term synthesis statistical operation aiming at obtaining an indicator to measure the short-term evolution of turnover, as a whole, for nonfinancial economic sectors: Extractive and manufacturing industries, Electrical energy and water, Trade and Non-financial services.
In order to obtain this indicator, the information from three surveys carried out by INE is being used. These surveys are the following: Industrial Turnover Indices (ITI), Services Sector Activity Indicators (SSAI) and Retail Trade Indices (RTI). For the rest of sectors not researched by INE, the information will be completed with data provided by the Tax Agency.
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