Press Releases

The Turnover Value Index of Transport and Storage for the fourth quarter of 2022 reached 134,5 units (base year 2015=100), recording an increase of 30,3% compared to the corresponding quarter of 2021.

By economic activity, increases relative to the fourth quarter of the previous year were observed in air transport by 576,1%, in warehousing and support activities for transportation by 22,5%, in land transport by 18,3% and in water transport by 5,5%, while a decrease of 5,1% was observed in postal and courier activities.

During the period January-December 2022, the Turnover Value Index of Transport and Storage recorded an increase of 41,1% compared to the corresponding period of 2021.

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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

(MH/ECHR)