Large companies and SMEs have increased the wages of their workers -measured as average gross income- by 5.7% after increasing the number of people hired by 3.3%. In addition, the sales of these entities only grew 1.4%, according to the data offered by the statistics ‘Sales, employment and salaries in large companies and SMEs’ that the Tax Agency has carried out.
According to the report, the sales of these companies grew by 1.4% between March and June, which is 2.7 points below what they did in the first quarter of the year.
weighted growth
The Tax Agency recalled that the rise in the interannual rate in the first quarter had a certain positive bias, as a result of the impact of the carrier strike last year that affected activity during the month of March.
The opposite is true this quarter, growth is weighed down by the comparison with a quarter of 2022 that included a month of April in which activity recovered after the strike. In the two quarters as a whole, the rate (2.8%) is similar to that observed in the final quarter of 2022.
Within sales, interior sales increased by 1.7% in the second quarter, some two points below what they did in the first, while for the year as a whole the increase is 2.7%.
The evolution of its components in June was uneven, since growth was more moderate in sales for consumption (1.4% compared to 5.3% in the previous quarter), while capital sales maintained their growth ( 8.8%, compared to the previous 8.3%). Within the latter, sales of equipment and software somewhat cushioned their expansion (14.8%, compared to 17.2 in the first quarter), while construction rose by 3.6%.
On the other hand, exports increased by 0.6% in the quarter and by 3% in the accumulated figure of the year. The rate for the quarter was almost five points lower than the previous one, mainly as a result of the drop in sales to third countries (-2.9%), the first in two years. For their part, sales to the EU moderated their pace (4.1%, coming from 6.2% in the first quarter).
employment slows down
Regarding employment, the number of recipients of work income grew by 3.3%, approximately one point below what it did in the first quarter, while in the first semester the increase in employment is 3.9 %.
For its part, the increase in average gross income -salary- remains high. In the second quarter the rise was 5.7%, a rate almost identical to that of the first quarter of the year.
As explained by the Tax Agency, the intensity of this increase responds to the gradual incorporation into salary reviews of the increases in the general level of prices that have been registered since mid-2021 and, consequently, it is not expected that in the rest of the of the year significant changes are observed in this aspect.
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