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Annual Change -27,9%

The Turnover Value Index of Transport and Storage for the first quarter of 2021 reached 68,6 units (base year 2015=100), recording a decrease of 27,9% compared to the corresponding quarter of 2020.

By economic activity, decreases relative to the first quarter of the previous year were observed in air transport by 86,3%, in land transport by 27,2%, in warehousing and support activities for transportation by 26,9% and in water transport by 26,0%, while an increase of 10,0% was recorded in postal and courier activities.

Note: The graph does not include NACE division 51.

Note: The large fluctuations in the values of the index for division 51 are the result of the opening/closure of airline companies.

METHODOLOGICAL INFORMATION

Definitions

The Turnover Value Index of Transport and Storage reflects the short-term developments related to the turnover of the enterprises operating in the divisions of land transport and transport via pipelines, water transport, air transport, warehousing and support activities for transportation and postal and courier activities.

Collection of data

The survey is carried out on a sample basis and concerns enterprises that are classified under the divisions mentioned above. The data collection is performed by telephone, fax or e-mail. The data are collected on a quarterly basis.

Compilation method

The turnover index is produced for the five divisions of the Statistical Classification of Economic Activities (NACE Rev. 2) that constitute the sector of Transport and Storage. The base year for the index is 2015, meaning that it shows the changes in turnover of the reference period in relation with the average turnover of the year 2015. For the base year, the average of the quarterly indices is 100.

The weights used are derived from the total sales of the enterprises in the base year (2015) and reflect the turnover of each division in relation to the total turnover of the sector.

The compilation of the Turnover Value Index of Transport and Storage follows the provisions of the Council Regulation (EC) No. 1165/98 concerning short-term statistics.

For more information:

Statistical Service (CYSTAT) Website, subtheme Transport and Communications

Contact
Andri Milidoni: Tel: +357 22 602240, Email: amilidoni@cystat.mof.gov.cy

EH/SCH