Press Service sector in 1^st quarter of 2020: Turnover decreased in many branches

Press release No. 213 of 12 June 2020

Turnover in selected service branches, 1^st quarter of 2020
-2.4% on the previous quarter
-0.6% on the same quarter of the previous year

Persons employed in selected service branches, 1^st quarter of 2020
-0.1% on the previous quarter
+0.5% on the same quarter of the previous year

WIESBADEN – The corona pandemic has left its mark on the service sector in the 1st quarter of 2020. Based on provisional data, the Federal Statistical Office (Destatis) also reports that turnover in selected service branches in the 1st quarter of 2020 was down a calendar and seasonally adjusted 2.4% on the previous quarter. Compared with the same quarter of the previous year, the adjusted turnover fell by 0.6%. The seasonally adjusted number of persons employed in selected service branches was down 0.1% on the previous quarter, although it was still 0.5% above the level of the same quarter of the previous year.

Basic data and long time series are available in tables Turnover indices in the service sector (47414-0003) and Employment indices in the service sector (47414-0010) in the GENESIS-Online database.