The INE publishes the first Business Turnover Indices based on 2021
March 25, 2024 – The National Statistics Institute (INE) has published the first Business Turnover Indices (ICNE) based on 2021, which offer a new perspective on the evolution of the Spanish business sector.
ICNE data based on 2021 show an annual rate of -3.2% in January 2024, which indicates a drop in the turnover of Spanish companies compared to the same month of the previous year. The monthly rate, however, was 0.6%, suggesting a slight rebound in business activity in the last month.
This new version of the ICNE incorporates a series of improvements, such as an updated weighting structure that better reflects the reality of the Spanish business sector. The INE has also linked the series based on 2021 with the series based on 2015, which allows comparisons to be made between different periods.
The ICNE publication based on 2021 is a valuable tool for economic analysts, companies and investors seeking to better understand the evolution of the Spanish business sector.
You can access the press release at the following link:
Press Release
