Turnover in service industries grew by 11.3 per cent and volume by 5.3 per cent in December 2022

Turnover growing in main service industries

Among the main service industries, turnover grew most in accommodation and food service activities in December 2022. Working day adjusted turnover in the industry rose by 20.9 per cent from December one year ago while volume grew by 10.1 per cent over the same period. Turnover also developed favourably in administrative and support service activities. The working day adjusted turnover of the industry grew by 13.7 per cent and volume by 7.2 per cent from December 2021.

In transportation and storage, working day adjusted turnover grew by 12.9 per cent from December 2021 while volume was falling by 8.1 per cent over the same period. The volume development of transportation and storage is influenced by a sharp upturn in prices in the industry during 2022.

In other main service industries, development was more subdued than the average development in service industries. In December 2022, working day adjusted turnover in professional, scientific and technical activities increased by 10.0 per cent year-on-year. At the same time, the volume of the industry increased by 6.3 per cent. In information and communication activities, working day adjusted turnover grew by 9.5 per cent in December 2022 and volume went up by 8.8 per cent.

The working day adjusted turnover of real estate activities rose by 9.2 per cent and volume by 6.0 from December 2021. Turnover adjusted for working days in arts, entertainment and recreation grew by 7.0 per cent in December 2022 from December 2021. In December 2022, working day adjusted turnover in other service activities increased by 5.9 per cent year-on-year.

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Turnover and output grew from the previous month

Seasonally adjusted turnover in service industries rose by 1.6 per cent in December 2022 compared to November. Service output or volume, from which the impact of prices has been eliminated, rose by 2.1 per cent over the same period. In November 2022, turnover rose by 0.5 per cent from October. Over the same period, volume grew by 0.6 per cent.

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