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Companies' billing falls 0.8% in January after the collapse of energy sales

MADRID, 25 Mar.

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Companies' billing falls 0.8% in January after the collapse of energy sales

MADRID, 25 Mar. (EUROPA PRESS) -

The companies' turnover fell 0.8% in January compared to the same month in 2023 due to the 30.9% drop in sales in the supply of electricity, water, sanitation and waste management.

On the other hand, sales of services, industry and commerce increased by 6.9%, 1.6% and 0.7% year-on-year, respectively, according to the Business Turnover Index (ICNE) published this year. Monday by the National Institute of Statistics (INE).

With the decline recorded in January, company turnover has had ten consecutive months of negative interannual rates.

Corrected for seasonal and calendar effects, company turnover fell 3.2% in January, with annual falls in energy and water supply (-32.7%), commerce (-2.1%) and the industry (-1.9%). In the opposite direction, billing for services increased by 5.9%.

SALES INCREASE 0.6% IN JANUARY

In monthly values ​​(January 2024 over December 2023), business turnover increased by 0.6% in the seasonally adjusted series, in contrast to the monthly decline of 0.9% experienced in the last month of last year.

Of the four sectors analyzed, electricity and water supply, sanitation and waste management presented the highest monthly increase (0.8%) and commerce registered the only decrease (-0.3%).