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Wednesday, March 22, 2023

Corporate Sales Increased 19% in October, Continuing 20 Months of Increases

The turnover of companies increased by 19.1% in October compared to the same month of 2021, which means that it is 7.4 points below the September index and about 13 points below that of April, according to the Institute National Institute of Statistics (INE).

The annual increase in corporate income fell for the second straight month, with October up 19.9% after adjusting for calendar effects. That index has accumulated a 20-month high, although the October rate is the lowest since the same month last year.

All sectors analyzed showed positive interannual changes in revenue, with emphasis on energy and water companies (51.4% more). This is followed by companies in the extractive and industrial industries (17.1% more), commerce companies (16.7%) and non-financial services companies (13.5%).

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