Annual Change +16.4%
In February 2023, the Industrial Labour Turnover Index reached 169.6 points (base 2015=100), an increase of 16.4% compared to February 2022. For the period January-February 2023, the index showed an increase of 17.0% compared to the same period last year.
In the manufacturing sector, the index reached 166.2 points in February 2023, an increase of 15.0% compared to February 2022. There was also an increase in the electricity supply by 26.8%, mining and quarrying by 17.0% and water supply and materials recovery by 2.4%.
| Table | | | | | | |
| Code (NACE Rev. 2) |
[TD]
Economic Activity
[/TD] [TD]
Index
(2015=100)
[/TD] [TD][/TD] [TD]
Percentage Change (%)
[/TD] [/TD][TR] [TD]
Feb 2023
[/TD] [TD] [/TD] [TD]Feb 2023/
[/TD] [TD]Feb 2022
[/TD] [TD]Jan-Feb 2023/
Jan-
Jan-Feb 2022
[/TD] [/TD] [/TR] [TR] [TD] [/TD] [TD][/TD] [TD]
[/TD] [TD]
[/TD] [TD]
[/TD] [TD]
[/TD] [TD]
[/TD] [/TR] [TR] [TD]
B
[/TD] [TD]METALS AND STOCKS
[/TD] [TD]235,7
[/TD] [TD][/TD] [TD]
17,0
[/TD] [/TD] [TD]33,9
[/TD] [/TD] [/TR] [TR] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]C
[/TD] [TD]TRANSFORMATION
[/TD] [TD]166,2
[/TD] [TD] [/TD] [TD]15,0
[/TD] [/TD] [TD]16,4
[/TD] [/TD] [/TR] [TR] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]10+11+12
[/TD] [TD]Food Industry, Beverage and Tobacco Products
[/TD] [TD]140,3
[/TD] [TD] [/TD] [TD]16,4
[/TD] [TD]20,7
[/TD] [/TD] [/TR] [TR] [TD]13+14+15
[/TD] [TD]Manufacture of textiles, Clothing and leather goods
[/TD] [/TD] [TD]159,3
[/TD] [TD] [/TD] [TD]43,4
[/TD] [TD]41,1
[/TD] [/TR] [TR] [TD]16
[/TD] [TD]Wood industry and manufacture of wood and cork products, except furniture
[/TD] [/TD] [TD]211,1
[/TD] [TD] [/TD] [TD]-7,5
[/TD] [TD]2,8
[/TD] [/TR] [TR] [TD]17+18
[/TD] [TD]Manufacture of paper and paper products and printing
[/TD] [TD]98,2
[/TD] [TD] [/TD] [TD]15,3
[/TD] [TD]18,5
[/TD] [/TD] [/TR] [TR] [TD]19+20+21
[/TD] [TD]Manufacture of refined petroleum products, Chemical Substances and Products and Pharmaceutical Products and Preparations
[/TD] [/TD] [TD]169,6
[/TD] [TD] [/TD] [TD]11,1
[/TD] [TD]13,6
[/TD] [/TR] [TR] [TD]22
[/TD] [TD]Manufacture of rubber and plastic products
[/TD] [TD]157,3
[/TD] [TD] [/TD] [TD]2,4
[/TD] [TD]-1,2
[/TD] [/TR] [TR] [TD]23
[/TD] [TD]Manufacture of other non-metallic mineral products
[/TD] [TD]222,3
[/TD] [TD] [/TD] [TD]24,6
[/TD] [TD]28,9
[/TD] [/TR] [TR] [TD]24+25
[/TD] [TD]Production of Basic Metals and Manufacture of Metal Products
[/TD] [/TD] [TD]256,0
[/TD] [TD] [/TD] [TD]11,2
[/TD] [TD]10,9
[/TD] [/TR] [TR] [TD]26+27
[/TD] [TD]Manufacture of electronic and optical products and electrical equipment
[/TD] [TD]114,7
[/TD] [TD] [/TD] [TD]-0.6
[/TD] [TD]-37.4
[/TD] [/TD] [/TR] [TR] [TD]28+29+30
[/TD] [TD]Manufacture of machinery and equipment, Motor Vehicles and Other Transport Equipment
[/TD] [/TD] [TD]146,1
[/TD] [TD] [/TD] [TD]-0.3
[/TD] [TD]36.0
[/TD] [/TD] [/TR] [TR] [TD]31+32+33
[/TD] [TD]Manufacture of furniture, Other Manufacturing and Repair and Installation of Machinery and Equipment
[/TD] [/TD] [TD]213,3
[/TD] [TD] [/TD] [TD]32,7
[/TD] [TD]16,0
[/TD] [/TR] [TR] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TD] [/TD] [TD] [/TD] [TD] [/TD] [/TD] [/TR] [TR] [TD]D
[/TD] [TD]ELECTRICITY SUPPLY
[/TD] [TD]180,6
[/TD] [TD][/TD] [TD]
26,8
[/TD] [TD]22,7
[/TD] [/TD] [/TR] [TR] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD][/TD] [TD] [/TD] [/TR] [TR] [TD]
E
[/TD] [TD]WATER SUPPLY AND MATERIALS RECOVERY
[/TD] [TD]173,9
[/TD] [TD][/TD] [TD]
2,4
[/TD] [TD]-2,4
[/TD] [/TD] [/TR] [TR] [TD][/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]
36
[/TD] [TD]Collection, Water Collection, Treatment and Supply
[/TD] [/TD] [TD]125.7
[/TD] [TD] [/TD] [TD]-10.4
[/TD] [TD]-10.5
[/TD] [/TR] [TR] [TD]38.3
[/TD] [TD]Materials Recovery
[/TD] [TD]244.4
[/TD] [TD] [/TD] [TD]14.8
[/TD] [TD]6,0
[/TD] [/TR] [TR] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD][/TD] [/TR] [TR] [TD]
B+C+D+E
[/TD] [TD]GENERAL FACTOR
[/TD] [TD]169,6
[/TD] [/TD] [TD][/TD] [TD]
16.4
[/TD] [TD]17.0
[/TD] [/TD] [/TR] [TR] [TD][/TD] [TD]
Domestic
[/TD] [TD]172,3
[/TD] [TD] [/TD] [TD]16.8
[/TD] [TD]17.6
[/TD] [/TD] [/TR] [TR] [TD][/TD] [TD]
Export
[/TD] [TD]155,2
[/TD] [TD] [/TD] [TD]14,1
[/TD] [TD]13,3
[/TD] [/TR]
METHODOLOGICAL INFORMATION
Purpose
The Cycle Index Industrial Turnover Index expresses the monthly change in turnover in the mining and quarrying industries, manufacturing, electricity supply, water supply and materials recovery, i.e. sectors B, C, D and E of the statistical classification of economic activities NACE Rev. 2 of the European Union. The indicator excludes waste water treatment, collection, treatment and disposal of waste and remediation activities, i.e. codes 37, 38.1, 38.2 and 39 of sector E. The total indicator is broken down into a domestic market indicator and an export indicator. An index is also compiled by main industry groups: intermediate goods, energy, capital goods, consumer durables and consumer non-durables.
Data collection
Data are collected by the Statistical Office, either through telephone interviews, faxes or e-mail. Collection begins five to ten days after the end of the period under review and is usually completed within two months. In the mining and quarrying sector, the main quarrying products are covered, but not the supporting activities for gas extraction. In manufacturing, all enterprises with an annual turnover of EUR 1 700 000 or more or employing 20 or more persons are covered and a sample of smaller enterprises is taken. The Cyprus Electricity Authority provides sales data, while data are also taken from the Water Supply Boards and desalination plants.
Method of calculation and publication practices
The Industrial Turnover Index is based on 2015, i.e. it shows the monthly change in turnover compared to the monthly average turnover in 2015. In the base year, the average of the Turnover Indices for the 12 months is 100.0. For example, if the Turnover Index for a given month is 112.4, this means that turnover for that month increased by 12.4% compared to the average monthly turnover in 2015. 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 sub-sector in relation to the total turnover of the industry sector. The index is sent monthly to the Statistical Office of the European Union (Eurostat).
For more information:
Statistical Office Portal, under Industry
CYSTAT-DB (Database)
Predefined Tables (Excel)
The Predefined Tables in Excel format include data up to December 2022. For January 2023 and onwards, the update is done only in the CYSTAT-DB Database.
Contact
Contact
Elizabeth Zenonos. E-mail: ezinonos@cystat.mof.gov.cy
Charalambos Alkiviados: Tel: 22602189, El. Postal: calkiviadous@cystat.mof.gov.cy
EP/EXP
Contents of this article including associated images are belongs PIO
Views & opinions expressed are those of the author and/or PIO
Source
