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30-11-2021 14:33

Turnover Value Index of Services: 3rd quarter 2021

The Turnover Value Index during the third quarter of 2021 recorded increases in the sectors of accommodation and food service activities (84,1%), of administrative and support service activities (34,9%), of information and communication (16,2%) and of professional, scientific and technical activities (5,6%) compared to the corresponding quarter of 2020.

During the period January-September 2021, increases relative to the corresponding period of 2020 were observed in the index of accommodation and food service activities (54,6%), of administrative and support service activities (12,6%), of information and communication (9,1%) and of professional, scientific and technical activities (3,1%).

Table 1

 

Code NACE Rev. 2

 

Sector of Economic Activity

Turnover Value Index

(2015=100)

Percentage Change (%)

Jul-Sep2020

Jul-Sep2021

Jul-Sep2021/
Jul-Sep2020

Jan-Sep2021/
Jan-Sep2020

I

Accommodation and food service activities (hotels & restaurants)

83,8

154,2

84,1

54,6

J

Information and communication

185,1

215,0

16,2

9,1

M

Professional, scientific and technical activities

91,5

96,7

5,6

3,1

N

Administrative and support service activities

75,6

101,9

34,9

12,6

 

Table 2

 

Code NACE Rev. 2

Division of Economic Activity

Percentage Change (%)

Jul-Sep2021/
Jul-Sep
2020

Jan-Sep2021/
Jan-Sep
2020

I 55

Accommodation

189,5

174,2

I 56

Food and beverage service activities

30,9

18,6

J 58

Publishing activities

2,8

0,2

J 59

Motion picture, video and television programme production, sound recording and music publishing act.

33,8

36,4

J 60

Programming and broadcasting activities

13,5

23,9

J 61

Telecommunications

4,2

6,2

J 62

Computer programming, consultancy and related activities

22,6

11,6

J 63

Information service activities

28,6

41,5

M 69

Legal and accounting activities

-1,1

0,1

M 70

Activities of head offices; management consultancy activities

13,2

1,6

M 71

Architectural and engineering activities; technical testing and analysis

1,3

8,7

M 73

Advertising and market research

20,6

19,5

M 74

Other professional, scientific and technical activities

7,2

1,0

N 78

Employment activities

10,0

5,7

N 79

Travel agency, tour operator reservation service and related activities

481,2

156,2

N 80

Security and investigation activities

10,0

10,6

N 81

Services to buildings and landscape activities

11,9

2,5

N 82

Office administrative, office support and other business support activities

7,8

-1,1

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 the Council Regulation (EC) No. 1165/98 concerning short-term statistics.

For more information:

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

Contact:
Panagiotis Lymperopoulos: Tel: +357 22605130, E-mail: plymperopoulos@cystat.mof.gov.cy

(NG/IK)