EU Services Q4 2021: majority recover after COVID-19 hit

Many service areas continued to recover in the fourth quarter of 2021, following the severe hit due to the COVID-19 crisis and subsequent containment measures in the spring of 2020.

Service turnover in the EU fell by 27 % between the pre-pandemic fourth quarter of 2019 and the second quarter of 2020. However, service turnover was 7 % higher in the last quarter of 2021 compared with the last quarter of 2019 (calendar-adjusted data).

When comparing the fourth quarter of 2021 with the fourth quarter of 2019, ‘information and communication’ and ‘transportation and storage’ saw a particularly strong recovery (both around +14 %).

On the other hand, turnover in tourism (e.g. hotels, air transport and reservation services) remained below the pre-pandemic levels (-27 %).

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