19/06/2013 00:00
TW
0

Palma/Madrid.—The increase in employment in the Services sector - which includes the tourism industry - was 1.5 percent more than growth registered during the same month last year, the National Institute of Statistics (INE) confirmed yesterday. The Balerics played second best only to the region of Navarre where April employment in the Services industry had gone up by 1.6 percent.

Both these figures were well above the national average growth which was an unimpressive 0.1 percent.
Four month results
The growth in employment in the Services sector in the Balearics in April meant that employment figures in the region during the first four months neither grew nor declined. The Islands thus balanced out at a zero change over the period from January to April this year whilst nationally, a decline of 0.3 percent was registered for the same period.

The Balearics, said the INE, is also second in the country in terms of growth of businesses in the Services sector in April. New enterprises grew by 6 percent in comparison with figures for the same month in 2010 and is the first positive growth rate signal in this industry since June of 2008.

The Balearics played second fiddle in Services sector businesses only to the Canary Islands where the year-on-year growth rate established was 8.3 percent.

But looking at the results for the first four months of the year, the number of businesses in the Balearics in all sectors had only grown by 0.3%, slightly less than the figure for the country as a whole, 0.4%. At a national level, business income across all sectors in April fell by 0.7 percent in comparison with the same month in 2010. Income from vehicle and sales repair alone was down 16.8%.