Turnover Index of Retail Trade Except of Motor Vehicles (Base Year 2021)

The purpose of the Turnover Index is to monitor short-term developments classified under Division 47 (Retail Trade Except of Motor Vehicles) of the Statistical Classification of Economic Activities of the European Union NACE Rev.2. Turnover comprises the total amounts invoiced by an enterprise during the reference period and this corresponds to market sales of goods and services, excluding VAT but including other duties and taxes on the goods.

The Indices are using 2021 as the base year, meaning that they show the monthly changes in Turnover in relation to the Turnover monthly average of the year 2021. In the base year, the average of the Turnover indices for the twelve months is 100,0. For example, a monthly Turnover index of 105,3 means that the Turnover for the specific month has increased by 5,3% in relation to the yearly average  Turnover of 2021. The Indices are calculated at current prices.

The aggregated Index is a weighted average of the Turnover Ιndices of the various classes (subsets of activities) of Retail Trade, as defined in NACE Rev. 2. The weights used are derived from the results of the annual Wholesale and Retail Trade Survey in the base year (2021) and reflect the share of turnover of each class in relation to the total turnover of the retail trade sector.

Enterprises classified under Division 47 (Retail Trade Except of Motor Vehicles) of the Statistical Classification of Economic Activities of the European Union, NACE Rev. 2. 

The Statistical Service collects data monthly by telephone enquiries or e-mail. Data collection starts after the end of the reference month and is usually completed within twenty-five days.

The first reference period of the Indices is January 2021.

The Indices are transmitted to the Statistical Office of the European Union (Eurostat). In addition to gross data, both seasonally and calendar adjusted data are transmitted. The Indices are published on the online database CYSTAT-DB on CYSTAT's web Portal with a relevant Press Release. At national level, they are published only in their gross form.

The data are comparable over time.

The Turnover Value Index is calculated at current prices, while the Turnover Volume Index is calculated at constant prices and is derived by deflating the Turnover Value Index, using the Consumer Price Index (CPI) as deflator.

Economic activity: Statistical Classification of Economic Activities within the European Communities (NACE Rev. 2). 

The compilation of the Indices follows the provisions of Regulation (EU) 2019/2152 on European business statistics.

02/12/2024