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STATISTICS MALTA

Short-term Services Indicators: Q1/2023

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Short-term_Services_Indicators_Q12023.jpgDuring the first quarter of 2023, seasonally adjusted services turnover decreased by 1.1 per cent over the fourth quarter of 2022. When compared to the same quarter of 2022, working-day adjusted turnover in selected service activities increased by 15.0 per cent.

 

Quarterly comparison

After adjusting for seasonal effects and the working-day pattern, the total services turnover index decreased by 1.1 per cent between the fourth quarter of 2022 and the first quarter of 2023.

The highest increase was registered in the real estate activities (23.1 per cent), followed by increases in the administrative and support service activities (14.6 per cent), professional, scientific and technical activities (8.0 per cent), transportation and storage (4.5 per cent), retail trade (2.6 per cent) and motor trade (1.1 per cent). On the other hand, declines in turnover were registered in the wholesale trade (21.7 per cent), accommodation and food services activities (8.9 per cent) and information and communication (4.4 per cent) (Table 1).

Between the fourth quarter of 2022 and the first quarter of 2023, the number of persons employed (Table 3), gross wages and salaries (Table 5) and hours worked (Table 7) increased by 2.8 per cent, 3.6 per cent and 2.3 per cent respectively.

Annual comparison

During the first quarter of 2023, the total services turnover index increased by 15 per cent on an annual basis after adjusting for the working-day pattern. Increases were registered in the accommodation and food service activities (42.3 per cent), administrative and support service activities (35.4 per cent), transportation and storage (18.6 per cent), wholesale trade (17.2 per cent), retail trade (10.5 per cent), information and communication (9.2 per cent), real estate activities (6.9 per cent), professional, scientific and technical activities (6.4 per cent) and motor trade (2.4 per cent) (Table 2).

The indicators for the number of persons employed (Table 4), gross wages and salaries (Table 6) and hours worked (Table 8) increased by 7.3 per cent, 12.1 per cent and 6.5 per cent respectively over the first quarter of 2022.

 

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