2023-07-17 15:00:33
The ‘Sales, employment and wages in large companies’ statistics from the Tax agency states that total sales, deflated and corrected for seasonal and calendar variations of large companies increased by 1.1% in May, while the number of employees grew by 3.4% and the wages of workers -measured as average gross return – up 4.8%.
Total sales of large companies increased by 1.1% in May, a rate similar to that of the previous month and which represents a prolongation of the moderation in growth that has been observed since the beginning of the year.
In May, the rise in domestic sales was held back by the negative results of exports. Specifically, domestic sales increased by 2.1% in May, above the 0.9% in April.
Both consumer and capital sales grew somewhat more than in the previous month. However, the former did so at a much more moderate rate (1.2%) than the latter (20.2%). On the other hand, sales related to equipment and software grew by 22%, less than in April, but they have been above 15% for five months now. For their part, construction rose to 15.8%, consolidating the growth observed since February.
In contrast, exports registered a decrease of 2.3% in May, the first negative data since February 2021. Considering their destination, those directed to the EU still presented a timid advance (0.4%), compared to the decline experienced by sales to third countries (-5.2%).
Regarding employment, the growth in the number of recipients of work income, a fiscal indicator of salaried employment, had a somewhat less dynamic behavior compared to the previous month –3.4% in May compared to 3.6% in April–.
For its part, the average gross return maintained its expansive tone (4.8%), of a magnitude similar to that of previous months –for the year as a whole the increase is 4.9%–. This evolution is consistent with a progressive incorporation of salary reviews, which, with less intensity and with a certain lag, respond to the increases in the general price level of the last two years.
#Salaries #large #companies #rose