Author: OSCAR THE WHOLE
The cooling of energy prices means that the sector invoices 28% less than a year ago
Traffic from companies fell 4.7% last April compared to the same month in 2022, entering in negative territory after 25 consecutive months of year-over-year gainsaccording to the Index of Business Traffic (ICNE) published this Friday by the National Institute of Statistics (AND NOT).
The biggest drop in billing refers to dedicated companies power supplywater, sanitation and waste management (-27.9%), due to falling energy prices, followed by companies specializing in extractive and processing industry (-8.1%), where the bottlenecks in the supply of these goods also decreased, which helped to reduce their prices. Traffic from the market and vehicle repair (-2.2%). only progress services (7%).
INE statistics suggest that the recovery in turnover of Spanish companies peaked and quickly declined within a month. And that is that the collection of companies was reduced in April by 12.5% compared to the month of March. At the same time, the most pronounced decline was recorded in the extractive and processing industry (-18%), followed by the supply of electricity, water, sewage and waste management (-16.5%), trade and vehicle repairs. (-12.3%) and services (-3.1%).
Source: La Vozde Galicia

I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.