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Annual Change +17.3%
The Transport and Storage Business Cycle Index for the second quarter of 2023 reached 154.4 units (base 2015=100), an increase of 17.3% compared to the corresponding quarter of 2022.
Compared to the same quarter of the previous year, all individual economic activities recorded increases, namely: air transport including storage and supporting transport activities 16.9%, postal and courier activities 12.5%, land transport 7.9% and water transport 3.2%.
In the period January-June 2023, the Index of Turnover in Transport and Warehousing recorded an increase of 22.3% compared to the same period in 2022.
Note: NACE code 51 is not included in the graph.
Table
| NACE Rev. 2 |
[TD]
Economic Activity
[/TD] [TD]Business Cycle Index
[/TD] [TD]Percentage Change
[/TD] [TD] [/TD] [/TD][TR] [TR] [TD] [TD]
(2015=100)
[/TD] [TD](%)
[/TD] [TD] [/TD] [/TR] [TR] [TD]T2
2022
[/TD] [TD]T2
2023
[/TD] [TD]T2 2023/2022
[/TD] [TD]Jan-Jun
2023/2022
[/TD] [TD] [/TD] [/TR] [TR] [TD] [/TD] [/TR] [TR] [TD]H
[/TD] [TD]Transportation and Storage
[/TD] [TD]131,6
[/TD] [/TD] [TD]154,4
[/TD] [TD]
17,3
[/TD] [TD]22,3
[/TD] [TD] [/TD] [/TD] [TD]49
[/TD] [TD]Land transport and transport by pipeline
[/TD] [TD]141,8
[/TD] [TD]153.1
[/TD] [TD]7.9
[/TD] [TD]14,0
[/TD] [TD] [/TD] [/TR] [TR] [TD]50
[/TD] [TD]Floating transport
[/TD] [TD]86.5
[/TD] [TD]89.3
[/TD] [TD]3.2
[/TD] [TD]9,7
[/TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]51+52
[/TD] [TD]Air transport and Warehousing and support activities
[/TD] [TD]122,4
[/TD] [TD]143.1
[/TD] [TD]16.9
[/TD] [TD]19,9
[/TD] [TD] [/TD] [/TR] [TR] [TD]53
[/TD] [TD]Postal and courier activities
[/TD] [TD]120.6
[/TD] [TD]135.7
[/TD] [TD]12.5
[/TD] [TD]12,3
[/TD] [TD] [/TD] [/TR]
Methodological information
Definitions
The Transport and Storage Business Cycle Index tracks short-term developments concerning the turnover of enterprises active in the land transport and pipeline transport sectors, water transport, air transport, storage and supporting transport activities and postal and courier activities.
Data collection
The survey is a sample survey of enterprises active in the above sectors. It is carried out by telephone, fax and e-mail. The data are collected on a quarterly basis.
Method of calculation
The index is produced for the five branches of the Economic Activities Classification System (NACE Rev. 2) that make up the Transport and Storage sector. Its base year is 2015, i.e. it shows the change in turnover of enterprises for the reference period compared to the average of 2015. In the base year, the average of the quarterly indicators is 100.
The coefficients used for the weighting are derived from the total sales of enterprises in the base year (2015) and reflect the turnover of each industry in relation to the sector as a whole.
For more information, interested parties can visit the Portal of the Statistical Office, under Services, CYSTAT-DB (Database), Predefined Tables (Excel) or contact Ms. Andri Milidoni: tel: 22602240, e-mail: amilidoni@cystat.mof.gov.cy.
The Predefined Tables in Excel format include data up to the fourth quarter of 2022. For the first quarter of 2023 and thereafter, the update is done only in the CYSTAT-DB Database.
(AF/SX)
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