Personal Services

The industry’s turnover declined over 2020, owing to the economic downturn caused by the COVID-19 pandemic and imposed lockdown measures, resulting in large-scale business closures, higher unemployment and salary cuts. In addition, remittance inflows...

The industry’s turnover contracted in 2020, as a result of the COVID-19 pandemic and subdued private consumption. The decline in household consumption was driven by deteriorating consumer confidence and lower disposable incomes. Most businesses, ...

The industry’s revenue growth stagnated over 2020, as Brazil witnessed one of the largest COVID-19 outbreaks globally. Beauty salons, spas and other personal services providers suffered from lockdown measures imposed to contain the COVID-19 pandemic....

In 2020, the personal services industry was hit hard by the COVID-19 crisis, imposed lockdown measures and weak private consumption. Canada’s consumer confidence deteriorated in the first half of 2020 due to heightened uncertainty about economic ...

Over 2019, the industry witnessed stable growth, despite heightened Brexit uncertainty and weak consumer credit growth. Private consumption remained relatively resilient to domestic uncertainties, underpinned by increasing wages and a historically ...

The industry continued to witness rapid expansion in 2019. The positive performance of the industry was influenced by strong private consumption, despite rising economic uncertainty. Continued growth in household incomes and the rapid expansion of ...

The industry experienced robust growth over 2019. Private consumption continued to strengthen, aided by a fiscal...

The industry witnessed a slowdown over 2019, as Italian spending on personal services declined. The economic slowdown and political uncertainty resulted in growth in unemployment, weaker consumer confidence and a rising household saving rate, ...

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The personal services industry continued to maintain steady growth in 2019, as private consumption in Spain witnessed robust growth, while inflation fell to the lowest level since 2016. In recent years, consumer income growth has been driven by ...

The personal services industry’s growth remained moderate over 2019. The labour market performed well during the year, with a record low unemployment rate. In addition, wage growth continued to pick up, while household indebtedness remained ...

The industry’s turnover continued to grow over 2019, thanks to rising private consumption, driven by favourable lending conditions and higher household purchasing power. This mainly resulted from an increase in permanent employment, as well as tax ...

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