By Editorial Staff with No comments Digital insightsDigital Marketing
Share this content
The short-term business expectations and turnover of Spanish digital services companies reveal positive data, according to the latest data collected in the monthly barometer TIC Monitor , prepared jointly by VASS RESEARCH and the Center for Economic Forecasts (CEPREDE).
As VASS reports in a press release on Tuesday, December 19, 2023, the report highlights that “67.2% of digital services companies believe that their turnover will increase over the next three months,” which is “a figure much higher than the EU average, where a slight contraction in climate indicators is observed.”
The European Commission
A also questions entrepreneurs about the main obstacles they see to their growth, and the most important aspects include “financial difficulties, political instability and international uncertainty.”
So far this year, job creation has grown, on average, by around 6% (5.8%), with clear signs of moderation. Although in comparative terms with other sectors, this is still a different performance. However, it could be said that there are as many companies that expect to create jobs in the next 3 months as those that expect a contraction in their workforce.
«Once again, uncertainty weighs on the sector’s expectations. Despite everything, the specific database by industry number of members in the digital services sector already stands at 466,877 people (as of November 2023), with 29,739 new additions in the last twelve months. The digital services sector has gained a leading role in terms of job creation,» lists the VASS note.
Following this news
A we recommend this news about the Advanced Google Tag Manager a redirect: what is it and what should you know? Course that Skiller Academy will be offering in January 2024.
Digital services company year-on-year growth: 11.2%
In terms of business, this report shows that the turnover of digital services companies is growing at a year-on-year rate (September 2022 – September 2023) of +11.2%. This figure is better than the previous record and clearly beats the be numbers entire service sector. Regarding the rate of job creation, the year-on-year growth rate rises to +5.1%. Once again, this is a very positive record. All of this shows us to what extent the growth of the digital business remains relevant and significant.
