Business sales rise 31% in August and already add 18 months of increases
The turnover of companies increased 31.1% in August compared to the same month of 2021expanding by 7.3 points the rise registered the previous month, according to the Business Turnover Index (ICNE) published this Tuesday by the National Statistics Institute (INE).
With this rebound, the largest since last May, the sales of companies chain 18 consecutive months of year-on-year increases after having spent a negative year due to the impact of Covid. Adjusted for seasonal and calendar effects, company turnover increased by 30.1% in August, rate 2.8 points higher than that of July.
In monthly values and within the corrected series, business invoicing registered an increase of 3.2% in August, its highest monthly rise since last April, when it rebounded by more than 5%.
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