The ICT sector, one of the lever sectors in Spain
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The ICT sector has established itself as one of the lever sectors in Spain. And it is that, it maintains an unstoppable growth trend. In the last year alone, the demand for specialized talent has increased by 7.3% between April 2021 and April 2022.
This can be seen in the monthly barometer TIC Monitor, from VASS and CEPREDE, where the good trend rate in labor hiring is also highlighted, which has grown by 6% on average over the last 12 months, doubling the tertiary sector as a whole (3 .7%).
“This boost takes on even more value to the extent that it happens on a history that did not suffer significantly during the pandemic, as it did in all services. It is a true example of the vigor that these digital services activities have been exhibiting”, says Antonio Rueda, director of VASS Research and head of TIC Monitor.
The turnover ratio per employee returns to modest year-on-year growth rates (+1.6%) and the upward trend that had been characterizing the latest deliveries has fallen. This has not gone unnoticed among entrepreneurs in the ICT sector, who have slightly lowered their expectations.
In this sense, the climate indicator on the increase in its workforce reaches +26.8 points on a scale of -100/+100. This is equivalent to saying that 63.4% of companies trust in a net job creation, compared to 36.6% who perceive just the opposite.
The demand for specialized talent in the ICT sector in Spain continues unstoppable with a year-on-year growth of 7.3%
For its part, regarding the climate of billing, it worsened compared to the previous issue (+40.8 points) reaching +24.4 points on a scale of -100/+100.
Statistical effect on billing
The interannual growth of the activity of the ICT services sector, although it falls compared to last month’s indicator, stands at +9.1%. “The drop in the rate of growth drags is a statistical effect. This conditions the year-on-year growth rate downwards. Exceeding that 9% growth, taking this into consideration, seems extremely relevant to us”, Wheel concludes.