The National Statistics Office has reported this morning that in the second quarter of 2011, turnover in the services sector stood at 115.4 points, up by 4.7 per cent when compared to the corresponding quarter of 2010. During this period, wholesale trade advanced by 8.8 per cent. Other increases were registered in retail trade (+4.6 per cent), accommodation and food services activities (+2.2 per cent), and information and communication (+0.4 per cent). On the other hand, transportation and storage declined by 3.2 per cent.

Employment in services activities increased by 1.4 per cent to 98.7 points over the second quarter of 2010. Increases were mainly recorded in accommodation and food services activities (+2.6 per cent), retail trade (+2.4 per cent) and wholesale trade (+1.2 per cent). Conversely, declines in employment were registered in transportation and storage, administrative and support services activities, and information and communication, of 1.2, 1.8 and 2.2 per cent respectively.

During this period, gross wages and salaries advanced by 1.7 per cent. Increases were registered in accommodation and food services activities (+0.6 per cent) and wholesale trade (+2.5 per cent), while transportation and storage and administrative and support services activities declined by 4.7 and 1.1 per cent respectively.

Hours worked in the services sector edged up by 0.5 per cent in the second quarter of 2011 when compared to 2010. The major increases were registered in accommodation and food services activities (+0.6 per cent) and retail trade (+1.2 per cent). By contrast, hours worked in wholesale trade and information and communication fell by 3.5 and 3.7 per cent respectively.

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