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Services Business Cycle Index: 3oQuarter 2023
The Labour Turnover Index in the third quarter of 2023 showed an increase compared to the same quarter of the previous year in administrative and support activities (19.2%), accommodation and food service activities (15.7%) and professional, scientific and technical activities (2.8%), while information and communication services (-8.9%) showed a decrease.
In the period January-September 2023, increases compared to the same period in 2022 were recorded for accommodation and food service activities (19.7%), administrative and support service activities (16.9%), professional, scientific and technical activities (5.1%) and information and communication (0.7%).
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Table 1 |
[TR] [TD]
NACE Rev. 2
[/TD] [TD]Economic Activity Sector
[/TD] [TD]Cycle Index Labour Force Index
(2015=100)
[/TD] [TD]Percentage Change (%)
[/TD] [/TR] [TR] [TD]July-Sep 2022
[/TD] [TD]Jul-Sep 2023
[/TD] [TD]Jul-Sep 2023/2022
[/TD] [TD]Jan-Sep 2023/2022
[/TD] [TD]Jan-Sep 2023/2022
[/TD] [/TD] [/TR] [TR] [TD]I
[/TD] [TD]Accommodation and food service activities
[/TD] [TD]196,6
[/TD] [TD]227.6
[/TD] [TD]15.7
[/TD] [TD]19.7
[/TD] [/TD] [/TR] [TR] [TD]
J
[/TD] [TD]Information and communication services
[/TD] [TD]254,9
[/TD] [TD]232.2
[/TD] [TD]-8.9
[/TD] [TD]0.7
[/TD] [/TD] [/TR] [TR] [TD]
M
[/TD] [TD]Professional, scientific and technical activities
[/TD] [/TD] [TD]105,6
[/TD] [TD]108,6
[/TD] [TD]2,8
[/TD] [TD]5,1
[/TD] [/TR] [TR] [TD]
N
[/TD] [TD]Administrative and support activities
[/TD] [TD]173.7
[/TD] [TD]207.0
[/TD] [TD]19,2
[/TD] [TD]16,9
[/TD] [/TR]
|
Table 2 |
[TR] [TD]
NACE Rev. 2
[/TD] [/TD] [TD]
Economic Activity Sector
[/TD] [TD]Percentage Change (%)
[/TD] [/TR] [TR] [TD]July-Sep 2023/2022
[/TD] [/TD] [TD]Jan-Sep 2023/2022
[/TD] [/TR] [TR] [TD]I 55
[/TD] [TD]Accommodation services
[/TD] [TD]13,9
[/TD] [TD]18,1
[/TD] [/TR] [TR] [TD]
I 56
[/TD] [TD]Food service
[/TD] [TD]18,0
[/TD] [TD]21,0
[/TD] [/TR] [TR] [TD]
J 58
[/TD] [TD]Publishing activities
[/TD] [TD]-4,1
[/TD] [TD]-5,5
[/TD] [/TD] [/TR] [TR] [TD]
J 59
[/TD] [TD]Motion picture production, video and television programmes, sound recordings and music publishing
[/TD] [/TD] [TD]33,7
[/TD] [TD]14,9
[/TD] [/TR] [TR] [TD]J 60
[/TD] [TD]Programming and broadcasting activities
[/TD] [TD]6,7
[/TD] [/TD] [TD]11,8
[/TD] [/TR] [TR] [TD]
J 61
[/TD] [TD]Telecommunications
[/TD] [TD]7,8
[/TD] [/TD] [TD]4,0
[/TD] [/TR] [TR] [TD]
J 62
[/TD] [TD]Computer programming, consultancy and related activities
[/TD] [/TD] [TD]-15,3
[/TD] [TD]-0.6
[/TD] [/TD] [/TR] [TR] [TD]
J 63
[/TD] [TD]Information service activities
[/TD] [TD]65.3
[/TD] [TD]49,7
[/TD] [/TR] [TR] [TD]
M 69
[/TD] [TD]Legal and accounting activities
[/TD] [TD]-9,3
[/TD] [TD]-0,8
[/TD] [/TD] [/TR] [TR] [TD]
M 70
[/TD] [TD]Head office activities, management consultancy activities
[/TD] [/TD] [TD]18,7
[/TD] [TD]10,5
[/TD] [/TR] [TR] [TD]
M 71
[/TD] [TD]Architectural and engineering activities, technical testing and analysis
[/TD] [/TD] [TD]-0,6
[/TD] [TD]6,7
[/TD] [/TR] [TR] [TD]
M 73
[/TD] [TD]Advertising and market research
[/TD] [/TD] [TD]10,6
[/TD] [TD]13,0
[/TD] [/TD] [/TR] [TR] [TD]
M 74
[/TD] [TD]Other professional, scientific and technical activities
[/TD] [TD]-4,4
[/TD] [TD]10,9
[/TD] [/TR] [TR] [TD]
N 78
[/TD] [TD]Employment activities
[/TD] [TD]-2.2
[/TD] [TD]-5,4
[/TD] [/TD] [/TR] [TR] [TD]
N 79
[/TD] [TD]Travel agency activities, package travel agencies and reservation service activities
[/TD] [/TD] [TD]36,8
[/TD] [TD]43,5
[/TD] [/TR] [TR] [TD]
N 80
[/TD] [TD]Protection and investigation activities
[/TD] [TD]15,8
[/TD] [TD]12,0
[/TD] [/TR] [TR] [TD]
N 81
[/TD] [TD]Building and outdoor service activities
[/TD] [TD]-2,4
[/TD] [TD]1,1
[/TD] [/TR] [TR] [TD]
N 82
[/TD] [TD]Office administrative and other business support service activities
[/TD] [TD]1,4
[/TD] [TD]4,1
[/TD] [/TR]
Methodological Information
Purpose:
The Services Turnover Index monitors short-term developments concerning the turnover of enterprises operating in the accommodation and food service activities (NACE I), information and communication (NACE J), professional, scientific and technical activities (NACE M) and administrative and support service activities (NACE N).
Data collection:
The survey is a sample survey covering enterprises active in the above sectors. It is carried out by telephone, fax and e-mail. The data are collected on a quarterly basis.
Method of calculation:
The index is produced for the various branches of the Economic Activities Classification System (NACE Rev. 2) that make up the Services sectors. It has a base year of 2015, i.e. it shows the change in the turnover of enterprises for the reference period compared to the average of 2015. In the base year, the average of the quarterly indicators is 100. 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 industry in relation to the sector as a whole.cystat.gov.cy/en/SubthemeStatistics?s=50]Services[/URL], CYSTAT-DB (Database) Predefined Tables (Excel), or contact Mr. Panagiotis Liberopoulos at 22605130 or at plymperopoulos@cystat.mof.gov.cy.
The Predefined Tables in Excel format include data up to the fourth quarter of 2022. For the first quarter of 2023 and thereafter, updates are made only to the CYSTAT-DB Database.
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Views & opinions expressed are those of the author and/or PIO
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