ICT sector shows biggest income turnover in 2019

The  Information and Communication activities sector recorded the highest adjusted turnover when comparing the first quarters of 2018 and 2019, new figures show.

New data on the adjusted turnover on the working-day from the National Statistics Office, shows that the Information and Communication activities sector recorded a 8.2% increase in the specified period.

Closely following this sector were the sectors of Real Estate (6.2%), wholesale trade (5.0%) and the transportation and storage (4.3%).

On a seasonally adjusted basis, the Information and Communication Sector actually recorded a loss of 1% in the specified period. Likewise, the Real Estate sector was recorded to have dropped by 4.7% and the Wholesale Trade sector dropped by 0.6%.

Turnover in this case refers to total sales and other income shown as net of VAT.

Professional, scientific and technical activities turnover down

While the adjusted working-day shows increases for certain sectors, there are major decreases for other sectors. The Professional, Scientific and Technical activities sector  in particular, registered a major drop to minus 29.1%.

As with the working-day adjustment, there is also a decrease in the seasonally adjusted turnover. This same sector is recorded to have a minus 7.5% in its turnover.

The second sector which records working-day turnover losses is the Accommodation and Food Service activities sector, which records a 2.4% decrease.  However, on a seasonal basis, there is actually a 6.1% increase on the first quarter of 2018 in 2019.

Gross salaries up Professional, scientific and technical

Despite the working-day and seasonally adjusted turnover having decreased, NSO also records a 5.9% increase in the gross wages and salaries for the Professional, scientific and technical sector (Working Day adjusted).

Second to this sector are Wholesale Trade activities which registered a 5.8% increase in the compared first quarter period.

However, on a seasonally adjusted basis, the biggest increase in gross salaries and wages were seen for the Non-Food sector at 6.9%, while the Professional, scientific and technical records a 1.4% decrease.

NSO states that Wages and Salaries refers to a whole range of values include wages, salaries, bonuses, weekly allowances, overtime and the national security contributions made by the employee.  These do not include the social security charges by employers.