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Lusa - Business News - Portugal: Services output rises 5.7% in April - INE

Lisbon, June 12 (Lusa) - The index that measures Portuguese services output rose by 5.7% in April, accelerating from May, when it increased by 4.5%, the National Statistics Institute (INE) said on Tuesday.
INE also lowered the 5.1% increase in the index announced a month ago for March, explaining this correction was based on the, "result of replacing estimates made for non-responses [to the monthly survey] by actual responses from companies, that have since been received."
The increase of 5.7% in April is, according to INE, the contribution of all sections of the aggregate index, with "the most influential" being Wholesale Trade, Repair of Motor Vehicles and Motorcycles, resulting from an increase of 5.1%, up from 4.3% the previous month.
Compared with March, the services output index recorded a rise of 2.7% in April, and was unchanged the previous month (1.6% and 0.7% in April and March 2017, respectively) .
The services employment index had a year-on-year increase of 3.4% in April, down from a 3.9% increase in March.
On a like-for-like basis, the remuneration index rose by 5.8% in April, up from 5.3% in March.
The monthly survey of companies, which is the basis for this index, has been amended to comply with EU regulations and to improve the statistical representativity of the indices.
"Among the changes introduced, we highlight the selection of a new sample of companies and the updating of the weight structure with reference to 2015," INE explained, adding that, with this basic change, the services employment and remuneration indices will include data from an administrative source, replacing information previously obtained exclusively through surveys.


Agency : LUSA

Date : 2018-06-13 07:59:39


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