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Annual Change +6.0%
The Transport and Storage Business Cycle Index for the fourth quarter of 2023 reached 143.1 points (base 2015=100), an increase of 6.0% compared to the corresponding quarter of 2022.
Compared to the same quarter of the previous year, all individual economic activities recorded increases, namely: air transport including storage and supporting transport activities 10.9%, land transport 8.6%, postal and courier activities 0.6% and waterborne transport 0.4%.
In the period from January to December 2023, the Index of Turnover in Transportation and Warehousing recorded an increase of 16.0% compared to the same period in 2022.
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NACE Rev. 2 |
[TD]
Economic Activity
[/TD] [TD]Business Cycle Index
[/TD] [TD] [/TD] [TD] [/TD] [TD] [TD]Percentage Change
[/TD] [/TD] [TD] [/TD][TR] [TD]
(2015=100)
[/TD] [TD](%)
[/TD] [TD] [/TD] [/TD] [/TR] [TR] [TD]Oct-Dec
2022
[/TD] [TD]Oct-Dec
2023
[/TD] [TD] [/TD] [TD]Oct-Dec
2023/2022
[/TD] [TD]Jan-Dec
2023/2022
[/TD] [TD] [/TD] [/TR] [TR] [TD] [/TD] [/TR] [TR] [TD]H
[/TD] [TD]Transportation and Storage
[/TD] [TD]134,9
[/TD] [TD]
143.1
[/TD] [TD] [/TD] [TD]
6.0
[/TD] [TD]16,0
[/TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]49
[/TD] [TD]Land transport and transport by pipeline
[/TD] [/TD] [TD]136,7
[/TD] [TD]148.4
[/TD] [TD] [/TD] [TD]8.6
[/TD] [TD]12,5
[/TD] [TD] [/TD] [/TR] [TR] [TD]50
[/TD] [TD]Floating transport
[/TD] [TD]79.3
[/TD] [TD]79.6
[/TD] [TD] [/TD] [TD]0.4
[/TD] [TD]4,7
[/TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]51+52
[/TD] [TD]Air Transport and Storage and Supporting Activities
[/TD] [TD]125,9
[/TD] [TD]139.7
[/TD] [TD] [/TD] [TD]10.9
[/TD] [TD]17,8
[/TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]53
[/TD] [TD]Postal and courier activities
[/TD] [TD]141,2
[/TD] [TD]142,0
[/TD] [TD] [/TD] [TD]0,6
[/TD] [TD]6,0
[/TD] [TD] [/TD] [/TR]
Methodological Information
Definitions
The Transport and Storage Turnover Index monitors short-term developments in the turnover of companies operating in the land transport and pipeline transport sectors, water transport, air transport, storage and supporting transport activities (including the activity of shipping companies with a physical presence in Cyprus) and postal and courier activities.
Data collection
The survey is a sample survey of enterprises operating 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 five branches of the Economic Activities Classification System (NACE Rev. 2) that make up the Transport and Storage sector. Its base year is 2015, i.e. it shows the change in 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.
For more information you can visit the Statistical Service Portal, under Services, CYSTAT-DB (Database), Predefined Tables (Excel) or contact Mrs. Andri Milidoni. amilidoni@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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