Spanish Business Turnover Index (BTI): the montly variation stands at -0,2%

The monthly variation of the Spanish Business Turnover Index (BTI) stands at −0.2%, after seasonal and calendar adjustment, according to the last figures released by INE.

The annual rate stands at 2.7% in the seasonal and calendar adjusted series and at 4.5% in the original series

Monthly trend of Business Turnover

The monthly variation of the seasonally and calendar adjusted Business Turnover Index between the months of July and June of 2019 stood at −0.2%.

This rate was four tenths lower than the previous month.

Of the four analyzed sectors, two showed positive monthly rates and one showed a negative rate.

Electricity and water supply, sewerage and waste management showed the highest increase (1.2%), while Market non-financial services (-0.1%) showed the only decrease.

Annual trend of the Business Turnover

The Total Business Turnover Index, once adjusted for seasonal and calendar effects, showed a variation of 2.7% in July, as compared with the same month of the previous year.

This rate was a tenth lower than the one registered in June. The BTI original series registered an annual variation of 4.5%. This rate was 4.5 points higher than the one in June.