Light and water supply companies lead income increase by price rise: 63.6%

Companies that are dedicated to the supply of electricity and water, sanitation and waste management are those that have benefited from a greater increase in billing in year-on-year terms, from 63.6% until September, according to the published business turnover This Friday for the INE.

The rise in revenues is much higher than that it has been registered on average in all sectors, of 17.1%, according to the index once the seasonal and calendar effects, which is the one that uses the INE as the main indicator .

Thus, while companies in Spain have increased their mid-average number 17.1% compared to September 2020, the income of the distributors rise at the end of September 63.6%, which has accelerated the Billing growth with respect to previous months: in August, 46.3% rose; In July, 32.7%, and in June, 32.7%.

They are the companies that have experienced the most growing in their turnover, which can be explained by the strong increases in electricity prices that have occurred in recent months.

Right now, the cost of the megawatt hour in Spain has several consecutive days above 200 euros, while a year ago, megawatt hour did not exceed 50 euros.

They also grow above average the income from the companies that offer non-financial market services, with an increase in the turnover of 22.1%.

On the opposite side, the companies dedicated to wholesale and retail trade and the repair of motor vehicles, whose billing has increased by 13.3%; and the extractive and manufacturing industries, whose incomes have grown by 11.3%.

The latter have been hard for the lack of supplies and the increase in productive costs. Industrial prices - what they have to pay for the energy and intermediate goods they need to produce- accumulate at the end of October a rise of 31.9%, which assumes that these companies are drowned, as they can not move entirely That rise in costs at their rates.

As these problems worsened, the turnover of these industrial companies has been deflating: it was 67.6% above that of 2020 in April - the toughest month of confinement last year - but has gone down little to Little until it is 19% above in May, 14.1% in July, and until only 11.3% higher in September.