Services - 1. quarter of 2024
Publication Date: 10. 05. 2024
Product Code: 180030-24
In the Q1 2024, sales adjusted for calendar effects increased in real terms by 1.3%, year‑on-year (y-o-y); in the quarter-on-quarter (q-o-q) comparison they increased by 2.6%.
Quarter-on-quarter, seasonally adjusted sales in services1) increased in real terms by 2.6%, in the Q1. An increase of sales was recorded by most of economic activities, except for professional, scientific and technical activities, in which stagnation was recorded.
In the year-on-year comparison, sales adjusted for calendar effects increased by 1.3%. A decrease was only recorded by real estate activities, all other economic activities recorded a year-on-year increase.
“After three quarters of a continual decrease, sales in services in the first quarter of 2024 reported an increase, namely by 1.3%. A year-on-year increase of sales was recorded in all individual CZ-NACE sections except for real estate activities,” Tomáš Harák, Head of the Trade, Services, and Environmental Statistics Data Support Unit of the Czech Statistical Office (CZSO), says.
Development in individual industries of services (CZ-NACE sections) was as follows:
- in transportation and storage, sales increased by 2.0%. Sales in air transport increased the most (by 22.4%). A sales increase was also recorded in postal and courier activities (by 3.3%), land transport and transport via pipelines (by 2.4%), and in water transport (by 2.4%). On the other hand, lower sales compared to the previous year, were reported by warehousing and support activities for transportation, namely by 0.3%;
- in accommodation and food service activities, sales increased by 3.2%. In food and beverage service activities, sales increased more (by 3.9%) than in accommodation (by 0.3%);
- in information and communication, sales increased by 0.2%. This development was caused by higher sales in programming and broadcasting activities (by 10.6%) and computer programming, consultancy and related activities (by 4.7%), which include, for example, programming, computer facilities management activities, and computer consultancy activities. Lower sales were reported by telecommunications (by 0.2%), information service activities (by 1.9%), and publishing activities (by 5.1%). Sales fell the most in music and motion picture activities (by 39.5%);
- in real estate activities, sales decreased by 0.8%, y-o-y;
- in professional, scientific and technical activities2) sales increased by 1.4%. The highest sales increase (by 4.3%) was recorded in activities of head offices; management consultancy activities. Other professional, scientific and technical activities reported a sales increase by 4.2%, architectural and engineering activities; technical testing and analysis by 2.9%, and legal and accounting activities by 0.4%. Sales in advertising and market research decreased by 3.5%;
- in administrative and support service activities, sales increased by 2.7%. The biggest increase of sales occurred in travel agency, tour operator and other reservation service and related activities (by 15.5%), and also in rental and leasing activities (by 8.7%). On the other hand, the biggest decrease of sales was recorded by employment activities (by 10.4%), sales were also decreasing in services to buildings and landscape activities (by 0.7%) and in office administrative, office support and other business support activities (by 0.6%).
2) For the purposes of the news release, section M – Professional, scientific and technical activities does not include CZ-NACE 72 – Scientific research and development and CZ-NACE 75 – Veterinary activities.
Notes:
All data in the text of the news release are presented at constant prices. The year-on-year development is published after having been adjusted for an influence of the number of working days. Quarter-on-quarter rates have also been seasonally adjusted.
Enterprises are classified to the economic activity according to their principal (prevailing) activity, which is such an activity, from which the enterprise gets the highest value added.
Data for the Q1 2024 are preliminary; final data for individual quarters of 2024 will be released in March 2025.
Starting from the news release with results for the Q1 2024, the base period for short-term statistics changed. Besides the change of the base period at fixed-base indices (that are newly compared to the average of the year 2021 instead of the average of 2015), also the weighting scheme of the year 2021 has been used. In relation to the transition to the new base period, a revision for the year 2023 has been made, too.
Methodology: https://csu.gov.cz/services
Responsible head at the CZSO: Pavel Vančura, Director of the Trade, Transport, Services, Tourism, and Environmental Statistics Department, phone number: (+420) 274 052 096 or (+420) 732 348 337, e-mail: pavel.vancura@csu.gov.cz
Contact person: Jana Gotvaldová, Head of the Trade, Transport, and Services Statistics Unit, phone number: (+420) 274 052 691 or (+420) 735 130 284, e-mail: jana.gotvaldova@csu.gov.cz
Method of data acquisition: direct survey of the CZSO (SP 1-12)
End of data collection: 26 April 2024
End of data processing: 2 May 2024
Related outputs: time series in the Public database:Statistics VDB
Next news release will be published on: 7 August 2024