The Labour Turnover Index in the fourth quarter of 2021 compared to the corresponding quarter of the previous year showed an increase in accommodation and food services (98.2%), administrative and support activities (21.3%), information and communication (15.4%) and professional, scientific and technical activities (8.2%).
In the period January-December 2021, increases compared to the same period in 2020 were recorded in accommodation and food service activities (65.7%), administrative and support service activities (15.5%), information and communication (11.2%) and professional, scientific and technical activities (4.6%).
| Table 1 |
[TR] [TD]
NACE Rev. 2
[/TD] [TD]Sector Economic activityactivity
[/TD] [TD]Cycle Index Working Capital Index
(2015=100)
[/TD] [TD] [/TD] [TD]Percentage Change (%)
[/TD] [/TD] [/TR] [TR] [TD]Oct-Dec 2020
[/TD] [TD]Oct-Dec 2021
[/TD] [TD] [/TD] [TD]Oct-Dec 2021/ Oct-Dec 2020
[/TD] [TD]Jan-Dec 2021/ Jan-Dec 2020
[/TD] [/TD] [/TR] [TR] [TD]I
[/TD] [TD]Accommodation and food service activities
[/TD] [TD]56,3
[/TD] [TD]111.6
[/TD] [TD] [/TD] [TD]98.2
[/TD] [TD]65,7
[/TD] [/TR] [TR] [TD]J
[/TD] [TD]Update and communication
[/TD] [TD]190.5
[/TD] [TD]219.9
[/TD] [TD] [/TD] [TD]15.4
[/TD] [TD]11,2
[/TD] [/TR] [TR] [TD]M
[/TD] [TD]Professional, scientific and technical activities
[/TD] [TD]109,8
[/TD] [TD]118,8
[/TD] [TD] [/TD] [TD]8,2
[/TD] [TD]4.6
[/TD] [/TR] [TR] [TD]N
[/TD] [TD]Administrative and support activities
[/TD] [TD]82.4
[/TD] [TD]100,0
[/TD] [TD] [/TD] [TD]21,3
[/TD] [TD]15,5
[/TD] [/TR]
| Table 2 |
[TR] [TD]
NACE Rev. 2
[/TD] [/TD] [TD]
Economic Activity Sector
[/TD] [TD]Percentage Change (%)
[/TD] [/TR] [TR] [TD]
Oct-Dec 2021/ Oct-Dec 2020
[/TD] [TD]
Jan-Dec 2021/ Jan-Dec 2020
[/TD] [/TR] [TR] [TD]
I 55
[/TD] [TD]Accommodation services
[/TD] [TD]263,4
[/TD] [TD]197.0
[/TD] [/TR] [TR] [TD]I 56
[/TD] [TD]Food services
[/TD] [TD]49.4
[/TD] [TD]26,4
[/TD] [/TR] [TR] [TD]
J 58
[/TD] [TD]Publishing activities
[/TD] [TD]4,4
[/TD] [TD]1,9
[/TD] [/TR] [TR] [TD]
J 59
[/TD] [TD]Production of motion pictures, videos and television programmes, recording and music publishing
[/TD] [/TD] [TD]44.6
[/TD] [TD]41.0
[/TD] [/TR] [TR] [TD]
J 60
[/TD] [/TD] [TD]Programming and broadcasting activities
[/TD] [TD]-4,1
[/TD] [TD]12,8
[/TD] [/TR] [TR] [TD]
J 61
[/TD] [TD]Telecommunications
[/TD] [TD]9,2
[/TD] [TD]7,3
[/TD] [/TR] [TR] [TD]
J 62
[/TD] [TD]Computer programming activities, consultancy and related service activities
[/TD] [/TD] [TD]22,8
[/TD] [TD]14,7
[/TD] [/TR] [TR] [TD]
J 63
[/TD] [TD]Information service activities
[/TD] [TD]19,0
[/TD] [TD]40,6
[/TD] [/TR] [TR] [TD]
M 69
[/TD] [TD]Legal and accounting activities
[/TD] [TD]0,4
[/TD] [TD]0,3
[/TD] [/TD] [/TR] [TR] [TD]
M 70
[/TD] [TD]Head office activities, management consultancy activities
[/TD] [/TD] [TD]22,0
[/TD] [TD]6,9
[/TD] [/TR] [TR] [TD]
M 71
[/TD] [/TD] [TD]Architectural and engineering activities, technical testing and analysis
[/TD] [/TD] [TD]7,4
[/TD] [TD]7,9
[/TD] [/TR] [TR] [TD]
M 73
[/TD] [TD]Advertising and market research
[/TD] [/TD] [TD]15,3
[/TD] [TD]18,2
[/TD] [/TR] [TR] [TD]M 74
[/TD] [TD]Other professional, scientific and technical activities
[/TD] [/TD] [TD]6.8
[/TD] [TD]3.1
[/TD] [/TR] [TR] [TD]
N 78
[/TD] [TD]Employment activities
[/TD] [TD]11.8
[/TD] [TD]7,8
[/TD] [/TR] [TR] [TD]
N 79
[/TD] [TD]Activities of travel agencies, package travel agencies and reservation service activities
[/TD] [TD]224.9
[/TD] [TD]180,6
[/TD] [/TR] [TR] [TD]
N 80
[/TD] [TD]Protection and investigation activities
[/TD] [TD]11.0
[/TD] [TD]11,0
[/TD] [/TR] [TR] [TD]
N 81
[/TD] [TD]Building and outdoor service activities
[/TD] [TD]5,8
[/TD] [TD]3,6
[/TD] [/TD] [/TR] [TR] [TD]
N 82
[/TD] [TD]Office administrative and other business support service activities
[/TD] [TD]2,2
[/TD] [TD]-0,2
[/TD] [/TR]
METHODOLOGICAL INFORMATION
Purpose
The Services Business Cycle Index monitors the short-term turnover of services in the services sector. developments concerning the turnover of enterprises active in the accommodation and food service activities (NACE I), information and communication activities (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 conducted by telephone, fax and e-mail. 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.
The compilation of the Turnover in Services Index is carried out in the context of the implementation of Regulation (EU) 2019/2152 on European business statistics.
For more information:
Statistical Service Portal, under Services
CYSTAT-DB (Database)
Predefined Tables (Excel)
Contact
Panagiotis Liberopoulos. Postal: plymperopoulos@cystat.mof.gov.cy
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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