This figure places Madrid at the forefront of national growth, surpassed only by the Basque Country (8.8%), while Castilla-La Mancha ranked third with 5.7%. In contrast, Balearic Islands showed the lowest growth (0.4%), followed by Extremadura (2.3%) and Navarra (2.7%).
Year-to-date, the service sector turnover in Madrid has increased by 5.7%, exceeding the national average of 5.5% by 0.2 percentage points. This performance reinforces the region's role as an economic driver in the services sector.
Employment in the services sector also showed a positive trend, with a 1.2% variation in Madrid compared to July of the previous year. Nationally, service sector employment grew in all autonomous communities, with the exception of Cantabria, which experienced a 0.86% decrease.
Nationally, the service sector's turnover increased by 4.8% in July, a rate nearly four points lower than the previous month and the least pronounced since February. The sector's sales have now recorded 28 consecutive months of positive year-on-year increases. Commerce grew by 4.8% and other services by 4.7%.
After adjusting for seasonal and calendar effects, service sector turnover increased by 5.1% year-on-year in July, almost two points less than the previous month. The adjusted series also shows 28 months of year-on-year increases.
On a monthly basis, sector sales decreased by 0.7% between July and June, reversing the 1.2% increase seen in June. Employment in the service sector rose by 1.2% in July compared to July of the previous year, one tenth less than the previous month, maintaining uninterrupted growth since April 2021.
