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Annual Change -4.4%
In March 2024, the Index of Industrial Turnover reached 132.0 points (base 2021=100), a decrease of 4.4% compared to March 2023. For the period January-March 2024, the index showed an increase of 0.8% compared to the same period of the previous year.
In the manufacturing sector, the index reached 130.2 points in March 2024, a decrease of 1.5% compared to March 2023. There was also a decrease in the electricity supply sector of 18.4%. An increase was observed in water supply and materials recovery by 6.7% and mining and quarrying by 1.8%.
| Table |
[TR] [TD]
Code
(NACE
Rev. 2)
[/TD] [TD]
Economic Activity
[/TD] [TD]
Index
(2021=100)
[/TD] [TD]
Percentage Change (%)
[/TD] [/TR] [TR] [TD]Mar
2024
[/TD] [TD]Mar
2024/2023
[/TD] [TD]Jan-Mar
2024/2023
[/TD] [/TR] [TR] [TD]B
[/TD] [TD]METALS AND STORAGE
[/TD] [TD]146,0
[/TD] [TD]
1,8
[/TD] [TD]16,0
[/TD] [/TR] [TR] [TD]C
[/TD] [TD]TRANSFORMATION
[/TD] [TD]130.2
[/TD] [TD]-1.5
[/TD] [TD]4,9
[/TD] [/TR] [TR] [TD]10+11+12
[/TD] [TD]Food, Beverage and Tobacco Products Industry
[/TD] [TD]124.9
[/TD] [TD]-3.7
[/TD] [TD]2,2
[/TD] [/TR] [TR] [TD]13+14+15
[/TD] [TD]Manufacture of textiles, wearing apparel and leather goods
[/TD] [TD]127,0
[/TD] [TD]-9,5
[/TD] [TD]3,0
[/TD] [/TR] [TR] [TD]16
[/TD] [TD]Manufacture of wood and cork products, except furniture
[/TD] [TD]130,4
[/TD] [TD]-4,2
[/TD] [TD]4,5
[/TD] [/TR] [TR] [TD]17+18
[/TD] [TD]Manufacture of paper and paper products and printing
[/TD] [TD]110.5
[/TD] [TD]-20.9
[/TD] [TD]-13,6
[/TD] [/TR] [TR] [TD]19+20+21
[/TD] [TD]Production of refined petroleum products, chemical substances and products and pharmaceutical products and preparations
[/TD] [/TD] [TD]133.2
[/TD] [TD]4.1
[/TD] [TD]3,3
[/TD] [/TR] [TR] [TD]22
[/TD] [TD]Manufacture of rubber and plastic products
[/TD] [TD]116.3
[/TD] [TD]-14,1
[/TD] [TD]-3,4
[/TD] [/TR] [TR] [TD]23
[/TD] [TD]Manufacture of other non-metallic mineral products
[/TD] [TD]141,9
[/TD] [TD]-4.3
[/TD] [TD]4.0
[/TD] [/TD] [/TR] [TR] [TD]24+25
[/TD] [TD]Production of Basic Metals and Manufacture of Metal Products
[/TD] [TD]139,4
[/TD] [TD]2,4
[/TD] [TD]12,2
[/TD] [/TD] [/TR] [TR] [TD]26+27
[/TD] [TD]Manufacture of electronic and optical products and electrical equipment
[/TD] [/TD] [TD]97,5
[/TD] [TD]3,7
[/TD] [TD]25,5
[/TD] [/TD] [/TR] [TR] [TD]28+29+30
[/TD] [TD]Manufacture of machinery and equipment, Motor vehicles and other transport equipment
[/TD] [/TD] [TD]151.3
[/TD] [TD]18.4
[/TD] [TD]19.3
[/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]141.2
[/TD] [TD]10.1
[/TD] [TD]12,5
[/TD] [/TR] [TR] [TD]
D
[/TD] [TD]ELECTRICITY SUPPLY
[/TD] [TD]139,7
[/TD] [TD]-18,4
[/TD] [/TD] [TD]-17.9
[/TD] [/TR] [TR] [TD]E
[/TD] [TD]WATER SUPPLY AND MATERIALS RECOVERY
[/TD] [TD]129,9
[/TD] [TD]
6,7
[/TD] [TD]14,4
[/TD] [/TD] [/TR] [TR] [TD]36
[/TD] [TD]Collection, Water Collection, Treatment and Supply
[/TD] [/TD] [TD]153.0
[/TD] [TD]24.4
[/TD] [TD]35.3
[/TD] [/TR] [TR] [TD]38.3
[/TD] [TD]Materials Recovery
[/TD] [TD]103.6
[/TD] [TD]-13.8
[/TD] [TD]-7,4
[/TD] [/TR] [TR] [TD]
B+C+D+E
[/TD] [TD]GENERAL FIGURE
[/TD] [TD]132.0
[/TD] [TD]-4.4
[/TD] [TD]0,8
[/TD] [/TR] [TR] [TD][/TD] [TD]
Domestic
[/TD] [TD]133.1
[/TD] [TD]-4.0
[/TD] [TD]1,4
[/TD] [/TR] [TR] [TD] [/TD] [TD]Export
[/TD] [TD]126.2
[/TD] [TD]-6.4
[/TD] [TD]-2,1
[/TD] [/TR]
Methodological Information
Purpose The 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 industrial groupings: intermediate goods, energy, capital goods, consumer durables and consumer non-durables.
Data collection
Data are collected by the Statistical Office, either by telephone interviews, fax or e-mail. Collection starts five to ten days after the end of the period under consideration 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, electricity supply and water supply and materials recovery all enterprises with an annual turnover of EUR 2 000 000 or more or employing 20 or more persons are covered and a sample of smaller enterprises is taken. For electricity supply and water collection, treatment and supply, data from administrative sources are also taken.
Method of calculation and publication practices
The Industrial Turnover Index has a base year of 2021, i.e. it shows the monthly change in turnover compared to the monthly average turnover in 2021. In the base year, the average of the Turnover Indices for the twelve 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 2021. The coefficients used for the weighting are derived from the total sales of enterprises in the base year (2021) 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, interested parties can visit the Statistical Office Portal, under Industry, Base Year Change Update, CYSTAT-DB (Database), Predefined Tables (Excel) Ms. Elizabeth Zenonos (tel.: 22602187, e-mail: ezinonos@cystat.mof.gov.cy) and Mr. Charalambos Alkiviados (tel.: 22602189, e-mail: calkiviadous@cystat.mof.gov.cy).
Data for base year 2021=100 are only available in the CYSTAT-DB database.
(EAT/MS)
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