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Annual change +3.2% in Wholesale and +15,7% in Vehicles
The Wholesale Trade (Division 46) Business Cycle Value Index in the first quarter of 2024 increased by 3.2% compared to the same quarter last year. In the same quarter, the Motor Vehicle Trade and Repair Work Turnover Value Index (Division 45) increased by 15.7% compared to the same quarter last year.
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Table1 |
[TR] [TD]
Code(NACE Rev. 2)
[/TD] [TD]
EconomicActivity
[/TD] [TD]Index (2021=100)
[/TD] [TD]Percentage Change (%)
[/TD] [/TR] [TR] [TD]Jan-Mar2024
[/TD] [TD]Jan-Mar 2024/2023
[/TD] [/TD] [/TR] [TR] [TD]45.1
[/TD] [TD]Sale of motor vehicles
[/TD] [TD]181.5
[/TD] [TD]20.0
[/TD] [/TR] [TR] [TD]45.2
[/TD] [TD]Maintenance and repair of motor vehicles
[/TD] [TD]131,4
[/TD] [TD]11,2
[/TD] [/TR] [TR] [TD]45.3
[/TD] [TD]Sale of parts and accessories of motor vehicles
[/TD] [TD]129,3
[/TD] [TD]8,4
[/TD] [/TR] [TR] [TD]45.4
[/TD] [TD]Sale, maintenance and repair of motorcycles and their parts and accessories
[/TD] [TD]79,6
[/TD] [TD]-10,7
[/TD] [/TR] [TR] [TD]
45
[/TD] [TD]WHOLESALE AND RETAIL TRADE AND REPAIR OF MOTOR VEHICLES AND MOTORCYCLES
[/TD] [/TD] [TD]157,1
[/TD] [/TD] [TD]15,7
[/TD] [/TR]
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Table 2 |
[TR] [TD]
Code(NACE Rev. 2)
[/TD] [TD]
EconomicActivity
[/TD] [TD]Index (2021=100)
[/TD] [TD]Percentage Change (%)
[/TD] [/TR] [TR] [TD]Jan-Mar
2024
[/TD] [TD]Jan-Mar 2024/2023
[/TD] [/TR] [TR] [TD]46.1
[/TD] [TD]Wholesale on a fee or contract basis
[/TD] [TD]100.1
[/TD] [TD]-2.8
[/TD] [/TR] [TR] [TD]46.2
[/TD] [TD]Wholesale of raw agricultural raw materials and live animals
[/TD] [TD]88.8
[/TD] [TD]-26.7
[/TD] [/TR] [TR] [TD]46.3
[/TD] [TD]Wholesale of food, beverages and tobacco
[/TD] [TD]112.8
[/TD] [TD]4.1
[/TD] [/TR] [TR] [TD]46.4
[/TD] [TD]Wholesale of household articles
[/TD] [TD]132,1
[/TD] [TD]7,0
[/TD] [/TR] [TR] [TD]46.5
[/TD] [TD]Wholesale trade services of information and communication systems equipment
[/TD] [TD]122,1
[/TD] [TD]15,4
[/TD] [/TR] [TR] [TD]46.6
[/TD] [TD]Wholesale of other machinery, equipment and supplies
[/TD] [TD]125.0
[/TD] [TD]7.7
[/TD] [/TR] [TR] [TD]46.7
[/TD] [TD]Other specialised wholesale trade
[/TD] [TD]125,3
[/TD] [TD]-0,3
[/TD] [/TR] [TR] [TD]46.9
[/TD] [TD]Non-specialised wholesale
[/TD] [TD]144,8
[/TD] [TD]18,5
[/TD] [/TR] [TR] [TD]
46
[/TD] [TD]WHOLESALE TRADE, EXCLUDING MOTOR VEHICLES
[/TD] [TD]121,9
[/TD] [TD]3,2
[/TD] [/TR] [/TR]
Methodological Information
Purpose and Coverage
The purpose of the Business Cycle Value Indices is to monitor the short-term developments of activities of the economy falling within Sections 45 (Trade and repair of motor vehicles) and 46 (Wholesale trade) of the statistical classification of economic activities NACE Rev.2 of the European Union. Turnover includes the enterprise's sales of goods and services during the reference period, excluding VAT and including duties and taxes.
Data collection
Data are collected monthly by the Statistical Office, either by telephone interviews or by e-mail. It starts five days after the end of the period under review and is usually completed within forty-five days.
Calculation Method and Publication Practices
The Indicators have a base year of 2021, i.e. they show the quarterly change in turnover compared to the average of the four quarters of turnover in 2021. In the base year, the average of the Turnover Indicators for the four quarters is 100.0. For example, if the Index for a quarter is 105.3, this means that turnover for that quarter increased by 5.3% compared to the average of the quarters in 2021. Indicators are expressed in current market prices.
To compile the total indicator at Sector level, the weighted average of the individual indicators is calculated for the different groups (subsets of activities of the Sector), as defined in the NACE Rev. 2 classification.
To compile the total indicator at Sector level, the weighted average of the individual indicators is calculated for the different groups (subsets of activities of the Sector) as defined in the NACE Rev. 2 classification. The coefficients used for the weighting are derived from the results of the annual Wholesale and Retail Trade Survey in the base year (2021) and reflect the share of turnover of each group in relation to the total turnover of the activity of the Sector.
The compilation of the indicators is carried out in the framework of the implementation of Regulation (EU) 2019/2152 on European business statistics. The Indicators sent to the Statistical Office of the European Union (Eurostat) include their corrected forms (seasonal and calendar correction). Only the uncorrected version is published on the website of the Statistical Office.
For more information, interested parties can visit the Statistical Office Portal, under Trade, Update on Base Year Change, CYSTAT-DB (Database), Predefined Tables (Excel), Methodological Information or contact Ms Evangelia Efstathiou by phone at 22602196 or by email at eefstathiou@cystat.mof.gov.cy or Ms Konstantia Sergidi by phone at 22602237 or by email at ksergidi@cystat.mof.gov.cy.
Data for the base year 2021=100 are available only in the CYSTAT-DB Database.
Contents of this article including associated images are owned by PIO
Views & opinions expressed are those of the author and/or PIO
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