Press release No. 175 of 5 May 2023
Turnover in the service sector, February 2023 (provisional, calendar and seasonally adjusted)
+0.9% on the previous month (in real terms)
+0.7% on the previous month (in nominal terms)
+6.5% on the same month a year earlier (in real terms)
+6.7% on the same month a year earlier (in nominal terms)
WIESBADEN – In February 2023, the real (price adjusted) turnover of the service sector in Germany (excluding financial and insurance activities) was up 0.9% on January 2023 according to provisional results of the Federal Statistical Office (Destatis) after calendar and seasonal adjustment. In nominal (not price adjusted) terms, turnover was 0.7% higher than in January 2023. Compared with February 2022, turnover increased by 6.5% in real terms and 6.7% in nominal terms. Turnover was therefore up a real 8.1% and a nominal 19.2% compared with the level of February 2020, the corresponding month before the outbreak of the Covid-19 pandemic in Germany. The difference between the results in real and nominal terms reflects the significantly higher price level in the service sector.
Basic data and long time series are available in tables Turnover indices in the service sector (47414) in the GENESIS-Online database.
