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01-12-2022 14:04 |
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Turnover
Index of Retail Trade Except of Motor Vehicles: October 2022 |
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Annual change +12,5% in value
and +3,0% in volume The
Turnover Value Index of Retail Trade for October 2022 increased by 12,5%
compared to the corresponding month of the previous year (Table 1). For the
same month, the Turnover Volume Index of Retail Trade increased by 3,0%
compared to the corresponding month of the previous year (Table 2). 
METHODOLOGICAL
INFORMATION Scope and coverage The purpose of the Turnover
Index of Retail Trade, except of Motor Vehicles is to monitor short-term
developments in Retail Trade. The Index covers activities in division 47 of
the Statistical Classification of Economic Activities of the European Union, NACE
Rev. 2. Turnover comprises the total amounts invoiced by an enterprise during
the reference period and this corresponds to the market sales of goods and
services, excluding VAT but including other duties and taxes on the goods. Enterprises with 10 or more
employees are fully covered and a sample is selected from enterprises
employing less than 10 persons.
The Statistical Service
collects data monthly by telephone enquiries, fax or e-mail.
The Index is using 2015 as the
base year, meaning that it shows the monthly changes in turnover in relation
to the monthly turnover average of the year 2015. In the base year, the
average of the Turnover Index for the twelve months is 100,0. For example, a
monthly Turnover Index of 105,3 means that the turnover for the specific
month has increased by 5,3% in relation to the average monthly turnover of
2015. The Turnover Value Index is
calculated at current prices, while the Turnover Volume Index is calculated
at constant prices and is derived by deflating the Turnover Value Index,
using the Consumer Price Index (CPI) as deflator. The aggregated Index is a
weighted average of the Turnover Ιndices of the various classes (subsets of
activities) of Retail Trade, as defined in NACE Rev. 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 class in
relation to the total turnover of the retail trade sector. The compilation of the Index
follows the provisions of Regulation (EU) 2019/2152 on European business
statistics. The Index is transmitted every month to the Statistical Office of
the European Union (Eurostat). In addition to gross data, both seasonally and
calendar adjusted data are transmitted. The Index is published at national
level only in its gross form.
CYSTAT Portal, subtheme Trade
Evangelia Efstathiou: Tel.:
22602196, E-mail: eefstathiou@cystat.mof.gov.cy
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