Annual Change +14.7%
In October 2021, the Index of Industrial Turnover reached 154.4 points (base 2015=100), an increase of 14.7% compared to October 2020. For the period January-October 2021, the index showed an increase of 13.0% compared to the same period last year.
In the manufacturing sector, in October 2021, the index reached 156.3 points, an increase of 13.8% compared to October 2020. There was also an increase in the water supply and materials recovery by 43.2%, electricity supply by 13.7% and mining and quarrying by 1.7%.
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[TR] [TD]
Code
(NACE
Rev. 2)
[/TD] [TD]
Economic Activity
[/TD] [TD]
Index
(2015=100)
[/TD] [TD][/TD] [TD]
Percentage Change (%)
[/TD] [/TD] [/TR] [TR] [TD]Oct 2021
[/TD] [TD][/TD] [TD]
Oct 2021/
[/TD]Oct 2020
[/TD] [TD]Jan-Oct 2021/
Jan-
Jan-Oct2020
[/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]212,0
[/TD] [TD] [/TD] [TD]1,7
[/TD] [TD]17,6
[/TD] [/TD] [/TR] [TR] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]C
[/TD] [TD]TRANSFORMATION
[/TD] [TD]156,3
[/TD] [TD] [/TD] [TD]13.8
[/TD] [TD]10,8
[/TD] [/TD] [/TR] [TR] [TD][/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]
10+11+12
[/TD] [TD]Food Industry, Beverages and Tobacco Products
[/TD] [/TD] [TD]130.0
[/TD] [TD] [/TD] [TD]10.0
[/TD] [TD]8,8
[/TD] [/TD] [/TR] [TR] [TD]13+14+15
[/TD] [TD]Manufacture of textiles, wearing apparel and leather goods
[/TD] [/TD] [TD]121,8
[/TD] [TD] [/TD] [TD]3,5
[/TD] [TD]15,9
[/TD] [/TD] [/TR] [TR] [TD]16
[/TD] [TD]Manufacture of wood and wood products from wood and cork, except furniture
[/TD] [/TD] [TD]189,9
[/TD] [TD] [/TD] [TD]11,0
[/TD] [TD]23,4
[/TD] [/TR] [TR] [TD]17+18
[/TD] [TD]Manufacture of paper and paper products and printing
[/TD] [TD]79,2
[/TD] [TD] [/TD] [TD]7,8
[/TD] [TD]-5,7
[/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]151,5
[/TD] [TD] [/TD] [TD]-7,4
[/TD] [TD]-2,9
[/TD] [/TR] [TR] [TD]22
[/TD] [TD]Manufacture of rubber and plastic products
[/TD] [TD]161,4
[/TD] [TD] [/TD] [TD]17,1
[/TD] [TD]15,8
[/TD] [/TR] [TR] [TD]23
[/TD] [TD]Manufacture of other non-metallic mineral products
[/TD] [TD]178,1
[/TD] [TD] [/TD] [TD]-10,2
[/TD] [TD]6,1
[/TD] [/TR] [TR] [TD]24+25
[/TD] [TD]Production of Base Metals and Manufacture of Metal Products
[/TD] [/TD] [TD]268,2
[/TD] [TD] [/TD] [TD]38,8
[/TD] [TD]20.1
[/TD] [/TR] [TR] [TD]26+27
[/TD] [TD]Manufacture of electronic and optical products and electrical equipment
[/TD] [TD]304,5
[/TD] [TD] [/TD] [TD]225.3
[/TD] [TD]49.8
[/TD] [/TD] [/TR] [TR] [TD]28+29+30
[/TD] [TD]Manufacture of machinery and equipment, Motor Vehicles and Other Transport Equipment
[/TD] [/TD] [TD]118,7
[/TD] [TD] [/TD] [TD]4,4
[/TD] [TD]9,3
[/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]176,9
[/TD] [TD] [/TD] [TD]30.8
[/TD] [TD]24,3
[/TD] [/TR] [TR] [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] [TD]136,5
[/TD] [TD] [/TD] [TD]13,7
[/TD] [TD]17,5
[/TD] [/TD] [/TR] [TR] [TD] [/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]182,2
[/TD] [TD][/TD] [TD]
43,2
[/TD] [TD]44,0
[/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]161.6
[/TD] [TD] [/TD] [TD]23.4
[/TD] [TD]20.9
[/TD] [/TR] [TR] [TD]38.3
[/TD] [TD]Materials Recovery
[/TD] [TD]212.4
[/TD] [TD] [/TD] [TD]74.5
[/TD] [TD]80,0
[/TD] [/TR] [TR] [TD] [/TD] [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]154,4
[/TD] [/TD] [TD][/TD] [TD]
14.7
[/TD] [TD]13.0
[/TD] [/TR] [TR] [TD][/TD] [TD]
Domestic
[/TD] [TD]158,2
[/TD] [TD] [/TD] [TD]17.1
[/TD] [TD]14.9
[/TD] [/TD] [/TR] [TR] [TD][/TD] [TD]
Export
[/TD] [TD]134,1
[/TD] [TD] [/TD] [TD]1,5
[/TD] [TD]3,4
[/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 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. 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 compilation of the Industrial Turnover Index is carried out in the framework of the implementation of Regulation (EC) No 1165/98 concerning short-term statistics. The index is sent monthly to the Statistical Office of the European Union (Eurostat).
For more information:
Statistical Office Portal, under Industry
Predefined Tables (Excel)
Contact
Elizabeth Zenonos. PO Box: ezinonos@cystat.mof.gov.cy
Charalambos Alcibiades: Tel: 22602189, El. PO Box: calkiviadous@cystat.mof.gov.cy
(MGM/IC)
Contents of this article including associated images are belongs PIO
Views & opinions expressed are those of the author and/or PIO
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