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Annual Change +2.1%
In November 2023, the Index of Industrial Turnover reached 193.4 points (base 2015=100), an increase of 2.1% compared to November 2022. For the period January - November 2023, the index showed an increase of 6.4% compared to the same period of the previous year.
In the manufacturing sector, the index reached 190.5 points in November 2023, an increase of 3.4% compared to November 2022. There was also a 12.4% increase in the mining and quarrying sector and a 10.0% increase in the water supply and materials recovery sector. A decrease was observed in electricity supply by 5.4%.
| Table |
[TR] [TD]
Code
(NACE
Rev. 2)
[/TD] [TD]Economic Activity
[/TD] [TD]Index
(2015=100)
[/TD] [TD] [TD]Percentage Change (%)
[/TD] [/TD] [/TR] [TR] [TD]Nov 2023
[/TD] [TD]Nov 2023/2022
[/TD] [TD]Jan-Nov 2023/2022
[/TD] [/TD] [/TR] [TR] [TD]
B
[/TD] [TD]METALS AND STORAGE
[/TD] [TD]354,3
[/TD] [/TD] [TD]12,4
[/TD] [TD]22,3
[/TD] [/TR] [TR] [TD]C
[/TD] [TD]METABOLISM
[/TD] [TD]190,5
[/TD] [TD]
3,4
[/TD] [TD]9,5
[/TD] [/TD] [/TR] [TR] [TD]10+11+12
[/TD] [TD]Food industry, Beverages and Tobacco Products
[/TD] [/TD] [TD]153.9
[/TD] [TD]2.7
[/TD] [TD]10.2
[/TD] [/TR] [TR] [TD]13+14+15
[/TD] [TD]Manufacture of textiles, Clothing and leather goods
[/TD] [/TD] [TD]201.3
[/TD] [TD]26.0
[/TD] [TD]14.0
[/TD] [/TR] [TR] [TD]16
[/TD] [TD]Manufacture of wood and articles of wood and cork, except furniture
[/TD] [/TD] [TD]261,7
[/TD] [TD]-0,5
[/TD] [TD]6,9
[/TD] [/TD] [/TR] [TR] [TD]17+18
[/TD] [TD]Manufacture of paper and paper products and printing
[/TD] [TD]105,4
[/TD] [TD]-9.6
[/TD] [TD]2.8
[/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]191,5
[/TD] [TD]-2,1
[/TD] [TD]9,6
[/TD] [/TD] [/TR] [TR] [TD]22
[/TD] [TD]Manufacture of rubber and plastic products
[/TD] [TD]181,0
[/TD] [TD]7,0
[/TD] [TD]-2,0
[/TD] [/TR] [TR] [TD]23
[/TD] [TD]Manufacture of other non-metallic mineral products
[/TD] [TD]278,4
[/TD] [TD]9,3
[/TD] [TD]19,2
[/TD] [/TR] [TR] [TD]24+25
[/TD] [TD]Production of Basic Metals and Manufacture of Metal Products
[/TD] [TD]278.9
[/TD] [TD]13.1
[/TD] [TD]5,8
[/TD] [/TR] [TR] [TD]26+27
[/TD] [TD]Manufacture of electronic and optical products and electrical equipment
[/TD] [TD]173.0
[/TD] [TD]22.1
[/TD] [TD]27,7
[/TD] [/TD] [/TR] [TR] [TD]28+29+30
[/TD] [TD]Manufacture of machinery and equipment, motor vehicles and other transport equipment
[/TD] [/TD] [TD]189,4
[/TD] [TD]11.5
[/TD] [TD]17.3
[/TD] [/TD] [/TR] [TR] [TD]31+32+33
[/TD] [TD]Manufacture of Furniture, Other Manufacturing Activities and Repair and Installation of Machinery and Equipment
[/TD] [/TD] [TD]256,5
[/TD] [TD]-10.6
[/TD] [TD]0.0
[/TD] [/TD] [/TR] [TR] [TD]
D
[/TD] [TD]ELECTRICITY SUPPLY
[/TD] [TD]195,9
[/TD] [TD]
-5.4
[/TD] [TD]
-3,8
[/TD] [/TD] [/TR] [TR] [TD]E
[/TD] [TD]WATER SUPPLY AND MATERIALS RECOVERY
[/TD] [TD]202.0
[/TD] [TD]10,0
[/TD] [TD]-3.0
[/TD] [/TR] [TR] [TD]36
[/TD] [TD]Collection, Water Collection, Treatment and Supply
[/TD] [/TD] [TD]207.7
[/TD] [TD]32.3
[/TD] [TD]8.0
[/TD] [/TR] [TR] [TD]38.3
[/TD] [TD]Materials Recovery
[/TD] [TD]193.7
[/TD] [TD]-13.0
[/TD] [TD]-16,5
[/TD] [/TR] [TR] [TD]
B+C+D+E
[/TD] [TD]GENERAL FIGURE
[/TD] [TD]193.4
[/TD] [TD]2.1
[/TD] [TD]6,4
[/TD] [/TR] [TR] [TD] [/TD] [TD]Domestic
[/TD] [TD]202.4
[/TD] [TD]4.3
[/TD] [TD]6,3
[/TD] [/TR] [TR] [TD] [/TD] [TD]Export
[/TD] [TD]146.1
[/TD] [TD]-11.5
[/TD] [TD]7,1
[/TD] [/TR]
Methodological Information
Purpose
The Industrial Turnover Index expresses the monthly change in turnover in the mining and quarrying sectors, 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, 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 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 2015. 2. 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 at Industry, CYSTAT-DB (Database), Predefined Tables (Excel) or contact Ms. Elizabeth Zenonos, at 22602187 or at ezinonos@cystat.mof.gov.cy, and Mr. Charalambos Alkiviados, at 22602189 or at calkiviadous@cystat.mof.gov.cy.
The Predefined Tables in Excel format include data up to December 2022. For January 2023 and thereafter, the update is done only in the CYSTAT-DB Database.
(GA/EP)
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