Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  August 07, 2012 09:30:00

Republic - service revenues in 2Q12 declined by 0.3%


In 2 quarter declined seasonally adjusted sales in services in real terms by 0.3%. In comparison, adjusted for the effect of working days decreased by 1.1%, not seasonally adjusted by 1.8%. The annual increase in sales was recorded only in administrative and support activities and transport and storage.

In 2 quarter declined seasonally adjusted sales in services 1) in real terms by 0.3%. In comparison, adjusted for the effect of working days decreased by 1.1% (In the 2nd quarter there were two working days less than last year). NSA sales dropped by 1.8% increase in sales was recorded only in administrative and support activities and transport and storage.

Evolution of seasonally adjusted sales in services industries:
    - Sales in transport and storage increasedby 0.4% due to growth in sales of storage and transportation support activities (+4.7%) and water transport (8.6%). Other transport sectors recorded a decline in sales - land and pipeline transport 0.7%, postal and courier activities by 8.5% and air transport by 9.6%;

    - In hotels, catering and restaurant sales decreased by 1.7% due to sales decline in food and beverage service by 4.7%. Conversely accommodation services grew by 3.0%;

    - In information and communication activities continued to decline in sales (currently 1.7%) started in the 2nd quarter of 2011. Most declined the sales of film and music industry, by 9.6%. Telecommunications and publishing activities showed almost the same decrease in sales (by 3.2%, respectively. 3.1%), information activities, revenues decreased by 2.0%.The overall decline was mitigated by the development of sales for programming and broadcasting (up 10.8%) and activities in the field of information technology (growth by 0.5%), which include programming, computer facilities management and consultancy in the field of information technology;

    - Sales in real estate activities decreased by 5.0%. Sales fell to a rental real estate (+2.9%) and real estate agents and companies engaged in real estate management (9.4%);

    - Professional, scientific and technical activities 2) declined by 7.2%. Sales fell in all sectors, mostly in business management and management consulting (12.4%) and other professional, scientific and technical activities (10.4%).Like the 7.0% sales dropped for legal and accounting activities, and for architectural and engineering services;

    - Sales in administrative and support activities, 3) increased by 1.9%, mainly due to revenue growth of employment agencies (14.0%). A further increase in sales experienced travel agents and agencies (4.0%) and activities related to buildings and landscape activities (1.9%). Conversely, a drop in sales was recorded in the field rental and leasing (3.9%) and security and intelligence activities (3.6%), and after seven quarters of growth in the administrative and clerical activities (0.6%).

    Source: CSO
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