Services - 2. quarter of 2024

Quarter-on-quarter, seasonally adjusted sales in services¹⁾ increased in real terms by 0.4%, in the Q2. An increase of sales was reported by most of economic activities, the only decrease was recorded in administrative and support service activities.

In the year-on-year comparison, sales adjusted for calendar effects increased by 2.5%. Sales were increasing in all economic activities; the highest growth was recorded in transportation and storage.

“The year-on-year growth of sales in services accelerated; in the second quarter, sales increased by 2.5%. The growth was the most contributed to by transportation and storage; however, an increase of sales was reported by all individual CZ-NACE sections - industries of services,” 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 5.0%. A double-digit growth of sales was reported by air transport (by 19.4%) and water transport (by 12.6%). A sales increase was also recorded in warehousing and support activities for transportation (by 5.6%),   land transport and transport via pipelines (by 4.1%), and postal and courier activities (by 0.5%);
• in accommodation and food service activities, sales increased by 3.1%. In food and beverage service activities, sales increased by 3.6% and in accommodation by 1.0%;
• in information and communication, sales increased by 1.9%. The highest year-on-year growth was achieved by programming and broadcasting activities (by 5.8%). Higher sales were reported by computer programming, consultancy and related activities (by 4.2%), telecommunications (by 2.7%), and publishing activities (by 2.6%). On the other hand, a decrease in sales was recorded by information service activities (by 4.4%), which include, for example, data processing, hosting and related activities; web portals, and also by music and motion picture activities (by 30.2%);
• in real estate activities, sales increased by 1.6%, y-o-y;
• in professional, scientific and technical activities²⁾ sales increased by 2.0%. The highest sales increase (by 5.4%) was recorded in architectural and engineering activities; technical testing and analysis. Legal and accounting activities reported a sales growth by 2.3%, activities of head offices; management consultancy activities by 1.1%, and advertising and market research by 0.9%. Sales in other professional, scientific and technical activities decreased by 1.7%;
• in administrative and support service activities, sales increased by 0.6%. The biggest increase of sales occurred in services to buildings and landscape activities (by 4.5%). Office administrative, office support and other business support activities recorded an increase of sales by 3.4%, travel agency, tour operator and other reservation service and related activities by 1.9%, and rental and leasing activities by 1.4%. On the other hand, a decrease of sales was recorded by employment activities (by 12.0%) and by security and investigation activities (by 1.7%).