The service sector raises its turnover in August due to the boost in tourism

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The travel agency Y tour operatorstogether with air transport, were the sectoral activities with the greatest increase in sales in August, that is, 103.3% and 89.1%, respectively, as reported this Friday by the National Institute of Statistics (INE). Within services, the greatest advances in sales were recorded by administrative activities and auxiliary services (+36.1%), the wholesale trade (+29.1%), and the hostelry (accommodation services and food and beverage services), which increased its turnover by 24.4% year-on-year.

Specifically, accommodation services increased their sales by 34.4%, while food and beverage services billed 17.7% more than in August 2021. service sector increased its turnover by 23.2% in August compared to the same month of 2021, expanding the rise registered in the previous month by five points. Thus, services have chained 18 consecutive months of year-on-year increases after a year of falls as a result of the pandemic.

In monthly terms and in data adjusted for seasonality and calendar, the services sector recorded a monthly increase in its sales of 2% in August after two months of setbacks. The Balearic Islands was the community that most increased job creation in the service sector last August, with a year-on-year rise of 10.1%, and also the region that increased sales the most, 41.2% year-on-year.

In this sense, the islands were the first main destination for tourists in August, with 24.8% of the total, that is, 2.2 million tourists, 67.2% more than in August 2021. The main countries of residence of tourists from this community were Germany (with 28.1% of the total) and United Kingdom (26.2%). In terms of tourist spending, it was also the autonomous community with the greatest weight in this section in August (with 23.7% of the total), reaching 2,665 million euros.

Source: lainformacion.com

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