Press Releases

The Turnover Value Index of Transport and Storage for the second quarter of 2022 reached 130,6 units (base year 2015=100), recording an increase of 47,9% compared to the corresponding quarter of 2021.

By economic activity, increases relative to the second quarter of the previous year were observed in air transport by 425,1%, in water transport by 48,4%, in land transport by 47,3% and in warehousing and support activities for transportation by 36,6%, while a decrease of 3,9% was observed in postal and courier activities.

During the period January-June 2022, the Turnover Value Index of Transport and Storage recorded an increase of 44,6% compared to the corresponding period of 2021.

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 Regulation (EU) 2019/2152 on European business statistics.

For more information:

CYSTAT Portal, subtheme Services, CYSTAT-DB (Online Database), Predefined Tables (Excel)

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

(NG/ECHR)