25 February 2025

Services Sector Production Index (SSPI)

December 2024. Provisional data

Main Results

The annual variation of the Services Sector production index was 1.8% in December in the calendar and seasonally adjusted series.
The monthly rate was 0.9% if seasonal and calendar effects are removed.
Throughout the year 2024, the Service Sector production index increased by 2.6% in the series adjusted for seasonal and calendar effects, and by 2.9% in the original series.

More information

Annex of tables (includes information on original and sector-adjusted series)
Detailed results (monthly and annual data)

The general production index of the Market Services Sector, corrected for seasonal and calendar effects, experienced a variation of 1.8% in December compared to the same month in 2023. This rate was three tenths lower than that registered in November.

The original series presented an annual variation of 4.0%, which was 2.5 points above that registered in November.

General production index of the Market Services Sector

Annual rate. Percentage

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      "1.2",
      "2.6",
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      "-2.8",
      "2.2",
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      "3.9",
      "5.1",
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      "7.1",
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Excluding seasonal and calendar effects, Commerce increased by 1.6% compared to December 2023, and Other services by 1.7%.

Annual rates of production indices in the Market Services Sector. General and by sectors. December 2024

Throughout the year 2024, the Service Sector production index increased by 2.6% in the series adjusted for seasonal and calendar effects, and by 2.9% in the original series.

Monthly evolution of production in the Market Services Sector

The monthly variation of the general production index in the Market Services Sector between the months of December and November, eliminating seasonal and calendar effects, was 0.9%. This rate is eight tenths higher than the November figure.

General production index of the Market Services Sector. Adjusted for seasonal and calendar effects

Monthly rate. Percentage

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      "-1.9",
      "1.2",
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Review and update of data

The INE has updated the SSPI data for the last fifteen months. In the case of the series adjusted, the series have been reviewed from the beginning, following the INE standard. All results of this operation are available on INEBase.

Methodological note

The Services Sector Production Index (SSPI) is a volume index whose purpose is to measure the evolution of the value added of services sector activities of the market in the short term. It is an indicator similar to those already provided by the INE on a monthly basis for the industrial and retail sectors.

With its implementation, compliance is given to Commission Implementing Regulation (EU) 2020/1197 establishing technical specifications and modalities pursuant to Regulation (EU) 2019/2152 of the European Parliament and of the Council on European business statistics, which obliges all EU countries to develop an indicator on the production of the Services Sector since 2021, with indices based on 2021.

It is a derived statistic that is compiled by deflating the Service Sector Activity Indicators (SSAI), for which prices indices from various official statistics are used, depending on the scope of each activity. The indices used come from the Services Price Index (SPI), the Consumer Price Index (CPI), the Industrial Price Index (IPRI) and the Hotel Price Index (HPI).

The result is an indicator that measures the evolution of production over the activity of the services sector.

Type of survey:: statistical derived from other statistical results.
Frequency:: monthly.
Base year:: 2021.
Population scope:: companies whose main economic activity is described in sections G, (Trade), H (Transport and Storage), I (Accommodation), J (Information and Communications), L (Real estate activities) M (Professional, Scientific and Technical Activities) and N (Administrative and Support Services Activities) of the National Classification of Economic Activities (CNAE-09).
Geographical scope:: all the national territory except for Ceuta and Melilla, for which it is only collected in division 47 of CNAE-09 (retail trade).

For more information you can access the methodology and the standardised methodological report.

INE statistics are produced in accordance with the Code of Good Practice for European Statistics. More information at Quality at INE and the Code of Best Practices.

For further information see

Official INE account on @es_ine

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