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31-08-2022 13:52

Turnover Value Index of Services: 2nd Quarter 2022

The Turnover Value Index during the second quarter of 2022 recorded increases in the sectors of accommodation and food service activities (84,3%), administrative and support service activities (69,8%), information and communication (34,8%) and professional, scientific and technical activities (9,0%) compared to the corresponding quarter of 2021.

During the period January – June 2022, increases relative to the corresponding period of 2021 were observed in the indices of accommodation and food service activities (86,3%), professional, scientific and technical activities (47,0%), information and communication (33,7%) and administrative and support service activities (8,2%).
 

 

Table 1

Code
NACE
Rev. 2

Sector of Economic Activity

Turnover Value Index
(2015=100)

Percentage Change (%)

Apr-Jun
2021

Apr-Jun
2022

Apr-Jun2022/
Apr-Jun2021

Jan-Jun 2022/
Jan-Jun 2021

I

Accommodation and food service activities (hotels & restaurants)

77,4

142,7

84,3

86,3

J

Information and communication

158,1

213,1

34,8

33,7

M

Professional, scientific and technical activities

106,9

116,5

9,0

8,2

N

Administrative and support service activities

80,6

136,8

69,8

47,0

 

Table 2

Code
NACE
Rev. 2

Division of Economic Activity

Percentage Change (%)

Apr-Jun2022/
Apr-Jun
2021

Jan-Jun 2022/
Jan-Jun
2021

I 55

Accommodation

152,7

180,7

I 56

Food and beverage service activities

49,8

55,3

J 58

Publishing activities

-12,9

-4,1

J 59

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

-3,7

34,4

J 60

Programming and broadcasting activities

-7,7

-5,5

J 61

Telecommunications

3,9

7,7

J 62

Computer programming, consultancy and related activities

68,1

58,8

J 63

Information service activities

1,1

6,4

M 69

Legal and accounting activities

4,4

6,5

M 70

Activities of head offices; management consultancy activities

22,8

11,1

M 71

Architectural and engineering activities; technical testing and analysis

8,1

8,8

M 73

Advertising and market research

6,6

10,6

M 74

Other professional, scientific and technical activities

-14,1

-2,1

N 78

Employment activities

18,3

21,2

N 79

Travel agency, tour operator reservation service and related activities

661,3

515,5

N 80

Security and investigation activities

8,6

10,7

N 81

Services to buildings and landscape activities

21,4

22,2

N 82

Office administrative, office support and other business support activities

-1,8

-4,2

  

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:

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


Contact

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


(MV/SCH)