The Turnover Value Index during
the fourth quarter of 2023 recorded increases in the sectors of accommodation
and food service activities (16,4%), administrative and support service
activities (11,9%) and information and communication activities (5,8%), whereas
a decrease was recorded in the professional, scientific and technical
activities sector (-1,7%) compared to the corresponding quarter of 2022. During the period January-December 2023, increases relative to the corresponding period of 2022 were observed in the indices of accommodation and food service activities (18,9%), administrative and support service activities (15,5%), professional, scientific and technical activities (2,7%) and information and communication (2,0%). Table 1
Table 2
Methodological
Information Scope The Turnover Value Index of
Services reflects the short-term developments related to the turnover of the
enterprises operating in the sectors of accommodation and food service
activities (NACE I), information and communication (NACE J), professional,
scientific and technical activities (NACE M) and administrative and support
service activities (NACE N). Data Collection The survey is carried out on a
sample basis and concerns enterprises that are classified under the sectors
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 various divisions of the Statistical Classification of Economic
Activities (NACE Rev. 2) that constitute the sector of Services. 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 Services follows the provisions of Regulation (EU) 2019/2152
on European business statistics. For more information visit the
CYSTAT Portal, subtheme Services, CYSTAT-DB (Online Database), Predefined Tables (Excel), or contact Mr. Panagiotis
Lymperopoulos at telephone 22605130 or via e-mail at plymperopoulos@cystat.mof.gov.cy. The Predefined Tables,
available in Excel format, include data up to the fourth quarter of 2022.
Data from the first quarter of 2023 onwards are available only in the
CYSTAT-DB Online Database. (MS/NG) |
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