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The Labour Turnover Index in the fourth quarter of 2023 showed an increase compared to the corresponding quarter of the previous year in accommodation and food service activities (16,4%), administrative and support service activities (11.9%) and information and communication (5.8%), while professional, scientific and technical activities decreased (-1.7%).
In January-December 2023, increases compared to the same period in 2022 were recorded in accommodation and food service activities (18.9%), administrative and support service activities (15.5%), professional, scientific and technical activities (2.7%) and information and communication (2.0%).
Table 1
| NACE Rev. 2 | Sector Economic activityactivity |
[/TD] [TD]
Index Business Cycle
(2015=100)
[/TD] [TD]Percentage Change (%)
[/TD][TR] [TD]
Oct-Dec 2022
[/TD] [TD]Oct-Dec 2023
[/TD] [TD]Oct-Dec 2023/2022
[/TD] [TD]Jan-Dec 2023/2022
[/TD] [/TD] [/TR] [TR] [TD]I
[/TD] [TD]Accommodation and food service activities
[/TD] [TD]121,6
[/TD] [TD]141.5
[/TD] [TD]16.4
[/TD] [TD]18,9
[/TD] [/TR] [TR] [TD]
J
[/TD] [TD]Update and communication
[/TD] [TD]239.3
[/TD] [TD]253.1
[/TD] [TD]5.8
[/TD] [TD]2,0
[/TD] [/TR] [TR] [TD]
M
[/TD] [TD]Professional, scientific and technical activities
[/TD] [TD]130.5
[/TD] [TD]128,3
[/TD] [TD]-1.7
[/TD] [TD]2.7
[/TD] [/TD] [/TR] [TR] [TD]
N
[/TD] [TD]Administrative and support service activities
[/TD] [TD]125,8
[/TD] [TD]140.7
[/TD] [TD]11.9
[/TD] [TD]15.5
[/TD] [/TR]
Table 2
|
NACE Rev. 2 |
[TD]
Economic Activity Sector
[/TD] [TD]
Percentage Change (%)
[/TD][TR] [TD]
Oct-Dec 2023/2022
[/TD] [TD]Jan-Dec 2023/2022
[/TD] [/TR] [TR] [TD]I 55
[/TD] [TD]Accommodation services
[/TD] [TD]21,5
[/TD] [TD]18,8
[/TD] [/TR] [TR] [TD]I 56
[/TD] [TD]Food service
[/TD] [TD]13,2
[/TD] [TD]19,1
[/TD] [/TR] [TR] [TD]
J 58
[/TD] [TD]Publishing activities
[/TD] [TD]-1.9
[/TD] [TD]-4,5
[/TD] [/TR] [TR] [TD]
J 59
[/TD] [TD]Production of motion pictures, videos and television programmes, recording and music publishing
[/TD] [/TD] [TD]17.4
[/TD] [TD]15.3
[/TD] [/TR] [TR] [TD]
J 60
[/TD] [/TD] [TD]Programming and broadcasting activities
[/TD] [TD]-5,3
[/TD] [TD]5,2
[/TD] [/TR] [TR] [TD]
J 61
[/TD] [TD]Telecommunications
[/TD] [TD]8,1
[/TD] [TD]5,0
[/TD] [/TR] [TR] [TD]
J 62
[/TD] [TD]Computer programming activities, consultancy and related service activities
[/TD] [/TD] [TD]4,2
[/TD] [TD]0,5
[/TD] [/TR] [TR] [TD]
J 63
[/TD] [TD]Information service activities
[/TD] [TD]112,1
[/TD] [TD]63,5
[/TD] [/TR] [TR] [TD]
M 69
[/TD] [TD]Legal and accounting activities
[/TD] [TD]-5,9
[/TD] [TD]-2.4
[/TD] [/TR] [TR] [TD]
M 70
[/TD] [TD]Head office activities, management consultancy activities
[/TD] [/TD] [TD]-1,0
[/TD] [TD]5,6
[/TD] [/TR] [TR] [TD]
M 71
[/TD] [/TD] [TD]Architectural and engineering activities, technical testing and analysis
[/TD] [/TD] [TD]11,9
[/TD] [TD]8,4
[/TD] [/TR] [TR] [TD]
M 73
[/TD] [TD]Advertising and market research
[/TD] [/TD] [TD]4,6
[/TD] [TD]10,5
[/TD] [/TR] [TR] [TD]M 74
[/TD] [TD]Other professional, scientific and technical activities
[/TD] [/TD] [TD]-0.6
[/TD] [TD]7.7
[/TD] [/TR] [TR] [TD]
N 78
[/TD] [TD]Employment activities
[/TD] [TD]15.1
[/TD] [TD]0,8
[/TD] [/TR] [TR] [TD]
N 79
[/TD] [TD]Activities of travel agencies, package travel agencies and reservation service activities
[/TD] [TD]23,0
[/TD] [TD]38,8
[/TD] [/TR] [TR] [TD]
N 80
[/TD] [TD]Protection and investigation activities
[/TD] [TD]14,1
[/TD] [TD]12,6
[/TD] [/TD] [/TR] [TR] [TD]
N 81
[/TD] [TD]Building and outdoor service activities
[/TD] [TD]3,6
[/TD] [TD]1,3
[/TD] [/TR] [TR] [TD]
N 82
[/TD] [TD]Office administrative and other business support service activities
[/TD] [/TD] [TD]-4,5
[/TD] [TD]1,6
[/TD] [/TR]
Methodological Information
Purpose
The Services Turnover Index tracks short-term developments in 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 carried out 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), which constitute the Services sectors. The base year is 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, the update is done only in the CYSTAT-DB Database.
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