Total business turnover in Spain increased 1.5% MoM and 3.7% YoY, the highest since March 2023.

• The strong growth was lead by utilities turnover up 13.7% YoY and non-financial services turnover growth of 4.9% YoY.
• Seeing slower but still solid growth were the mining & manufacturing industries (+1.9% YoY) and trade (+2.8% YoY).
• For the whole year 2024, total business turnover increased 0.2%.