22-09-2021 13:37
Turnover Value Index in the Divisions of Wholesale Trade and of Trade/Repair of Motor Vehicles: 2nd Quarter of 2021
Annual Change +28,6% in Wholesale Trade and +37,4% in Motor Vehicles
The Turnover Value Index of Wholesale Trade (Division 46) during the second quarter of 2021 recorded an increase of 28,6% compared to the corresponding quarter of previous year. For the same quarter, the Turnover Value Index of Sales and Repair of Motor Vehicles (Division 45) recorded an increase of 37,4% compared to the corresponding quarter of previous year.
For the period January – June 2021, the Turnover Value Index of Wholesale Trade recorded an increase of 10,1% and the Turnover Value Index of Sales and Repair of Motor Vehicles recorded an increase of 17,7% compared to the corresponding quarter of previous year.
Table 1 |
||||
Code |
Economic Activity |
Index |
Percentage Change (%) |
|
Apr-Jun |
Apr-Jun2021/ |
Jan-Jun 2021/ |
||
45.1 |
Sale of motor vehicles |
130,1 |
46,4 |
22,4 |
45.2 |
Maintenance and repair of motor vehicles |
126,4 |
28,0 |
12,0 |
45.3 |
Sale of motor vehicles parts and accessories |
130,2 |
24,3 |
9,0 |
45.4 |
Sale, maintenance and repair of motorcycles and related parts and accessories |
181,5 |
21,0 |
28,4 |
45 |
WHOLESALE AND RETAIL TRADE AND REPAIR OF MOTOR VEHICLES |
130,2 |
37,4 |
17,7 |
Table 2 |
||||
Code |
Economic Activity |
Index |
Percentage Change (%) |
|
Apr-Jun |
Apr-Jun2021/ |
Jan-Jun 2021/ |
||
46.1 |
Wholesale on a fee or contract basis |
93,9 |
40,1 |
19,5 |
46.2 |
Wholesale of agriculture raw materials and live animals |
130,5 |
30,4 |
23,7 |
46.3 |
Wholesale of food, beverages and tobacco |
116,9 |
16,9 |
5,3 |
46.4 |
Wholesale of household goods |
174,8 |
24,6 |
11,1 |
46.5 |
Wholesale of information and communication equipment |
101,4 |
13,4 |
11,4 |
46.6 |
Wholesale of other machinery, equipment and supplies |
187,4 |
26,7 |
24,0 |
46.7 |
Other specialized wholesale |
110,6 |
50,0 |
9,5 |
46.9 |
Non-specialized wholesale trade |
129,5 |
18,4 |
11,7 |
46 |
WHOLESALE TRADE, EXCEPT OF MOTOR VEHICLES |
126,9 |
28,6 |
10,1 |
METHODOLOGICAL INFORMATION
Scope and coverage
The purpose of the Turnover Value Indices is to monitor short-term developments classified under Divisions 45 (Sales and Repair of Motor Vehicles) and 46 (Wholesale Trade) of the Statistical Classification of Economic Activities of the European Union NACE Rev.2. Turnover comprises the total amounts invoiced by the enterprise during the reference period and this corresponds to market sales of goods and services, excluding VAT but including other duties and taxes on the goods.
Enterprises with 10 or more employees are covered and a sample is selected from enterprises employing less than 10 persons.
Data collection
The Statistical Service collects data monthly by telephone enquiries, fax or e-mail. Data collection starts five days after the end of the reference period and is usually completed within two months.
Compilation method and dissemination practices
The Indices are using 2015 as the base year, meaning that they show the quarterly changes in Turnover in relation to the quarterly Turnover average of the year 2015. In the base year, the average of the Turnover indices for the four quarters is 100,0. For example, a quarterly Turnover index of 105,3 means that the Turnover for the specific quarter has increased by 5,3% in relation to the average quarterly Turnover of 2015. The Indices are calculated at current prices.
The aggregated Indices are a weighted average of the Turnover indices of the various Groups (subsets of activities within the Division), as defined in NACE 2. The weights used are derived from the results of the annual Wholesale and Retail Trade Survey in the base year (2015) and reflect the share of Turnover of each Group in relation to the total turnover of the activities of the Division.
The compilation of the Indices follows the provisions of Regulation (EU) 2019/2152 on European business statistics. The Indices are transmitted every quarter to the Statistical Office of the European Union (Eurostat). In addition to gross data, both seasonally and calendar adjusted data are transmitted. The Indices are published at national level only in their gross form.
For more information:
Statistical Service (CYSTAT) Website, subtheme Wholesale and Retail Trade
Contact
Evangelia Efstathiou: Tel.: 22602196, E-mail: eefstathiou@cystat.mof.gov.cy
(MV/ECHR)
Relevant Press Releases
21-08-2024 14:11
Research and Development Activity in the Republic of Cyprus in 2022
20-08-2024 14:05
Harmonised Index of Consumer Prices (HICP): July 2024
14-08-2024 15:38
GDP Growth Rate: 2nd Quarter 2024 (Flash Estimate)
13-08-2024 13:22
Monthly Economic Developments: January ‒ June 2024
12-08-2024 12:50
Government Employment by Category: July 2024