The turnover of companies fell by 8.3% last September compared to the same month in 2022, expanding by 1.4 points the year-on-year decline experienced the previous month, according to the Business Turnover Index (ICNE). published this Thursday by the National Institute of Statistics (INE).

With the decline in September, the most pronounced since February 2021, company sales have chained six consecutive months of year-on-year declines after having been positive for 25 consecutive months.

All sectors presented negative interannual rates in September, except for services, which increased their sales by 2.6% compared to the same month in 2022.

Among the declines, the supply of electricity and water stands out, which cut its sales by 49.5%. They were followed by industry, which reduced its turnover by 5.7% compared to the same month in 2022, and commerce, which sold 2.6% less than in September of last year.

Corrected for seasonal and calendar effects, company turnover fell by 6.2% year-on-year last September, a rate six tenths higher than that of August.

The largest year-on-year decrease in the corrected series was also for the supply of electricity and water (-49.7%), followed by industry (-2.3%) and commerce (-0.9%). On the other hand, services increased their year-on-year turnover by 3.6%.


In monthly values ​​and within the corrected series, business turnover rose 0.9% compared to August, compared to the decrease of 0.1% registered the previous month and the monthly rebound of 0.2% experienced in the same month of 2022 .

Three of the four sectors increased their sales in the ninth month of the year in relation to the previous month: industry (1.2%), commerce (1%) and services (0.3%). On the other hand, the supply of electricity and water reduced its monthly billing by 10%.