10 Jul

Business Turnover Index (BTI) registers a -0.7% monthly variation (last figures)

In April (last figures published by National Statistics Institute, INE in Spanish), Business Turnover registers a -0.7% monthly variation, after adjusting for seasonal and calendar effects.

Monthly evolution of the BTI

The monthly variation of the general Business Turnover Index (BTI) between the months of April and March 2018, after adjusting for seasonal and calendar effects was -0,7%. This rate is 1.7 points lower than that of the previous month.

Of the four sectors analysed, two presented positive monthly rates and two showed negative rates.

Extractive and manufacturing industries presents the greatest monthly increase (0.4%), while Trade records the greatest decrease (–1.7%).

Annual Evolution of the BTI

The General Business Turnover Index adjusted for seasonal and calendar effects registered a 4.3% variation in April, as compared with the same month of the previous year. This rate is 2.2 points lower than that registered in March.

The BTI original series experienced an annual variation of 10.0%. This rate is 8.7 points higher than that registered in March.

About BTI

The Business Turnover Index (BTI) offers a joint and weighted measurement of the Turnover of the following economic sectors: Extractive and manufacturing industries, Electricity and water supply, sewerage and waste management, Trade and Market non-financial services.

The BTI is a value index that measures turnover evolution of the sectors it is formed by, therefore the information presented is always in current terms of each period. Activities included in the BTI represent 48.5% of GDP at market prices. This percentage increases to 65.9% if Public Administrations and net Taxes on products are excluded.

In order to comply with the European Statistics Code of Practice, this operation has been designed in such a way that its performance has not involved an increased burden for the respondents, insofar as it is obtained, on the one hand, by re-using the information resulting from three other INE statistical operations: Industrial Turnover Indices, Services Sector Activity Indicators and Retail Trade Indices and, on the other, by using the existing information in administrative registers: Sales reported by Large Companies in the auto-assessment of VAT in the sector not covered by the aforementioned surveys.

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By: Estela Martín

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