Services growth accelerates to 1.3%

in Business · 22-11-2019 01:00:00 · 0 Comments
Services growth accelerates to 1.3%

Portugal’s turnover in services increased by 1.3 percent in September, year on year, accelerating from the rise of 1 percent in the previous month.

According to Statistics Portugal (INE), the aggregate growth of the turnover index in services was particularly influenced by the performance of the transport and storage sector, with a year-on-year growth of 6.4 percent, above the 5.3 percent increase in the previous month.

Information and communication activities increased by 4.2 percent, against 0.3 percent in the previous month, while the wholesale trade, trade and repair of motor vehicles and motorcycles went from a decrease of 0.1 percent in August to a growth of 0.3 percent in September.

In the third quarter of this year, turnover in services grew 1.4 percent year-on-year, down from 1.9 percent in the previous quarter.


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