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Methodological Note on the Turnover Value Index of Transport and Storage Aim The quarterly Turnover Value Index on Transport and Storage calculates the turnover changes of the enterprises, classified under the Sector I (NACE 49, 50, 51, 52 and 53) of the NACE (Rev. 2) Classification of the European Union. It is a value index concerning short-term statistics for the turnover and its changes in the broad Transport Sector. Collection of Data The collected data refers to the Turnover of enterprises winch are engaged in the Transport and Storage Sector. Data is collected on a monthly sample basis, by telephone or personal interview, by e-mail or sending the questionnaire by fax. The index is established every quarter and is published two months after the reference quarter. Coverage The Turnover Value Index covers activities classified under the Sector H (NACE 49, 50, 51, 52 and 53) of the NACE (Rev. 2) Classification of the European Union. Data refers to the government-controlled area of the Republic of Cyprus In particular: · Land, Water and Air Transport · Warehousing and Support Activities for Transportation · Postal and Courier Activities Method of calculation and publication of the data The base year for the index is 2010. This means that the index shows the current evolution of turnover in relation to its average value in the year 2010. In the base year, the average of the turnover index for the four quarters is set to 100. For example, an index of 113,25 implies that turnover has gone up by 13,25% in relation to the average turnover of 2010. The Turnover Value Index on Transport follows the provisions of the Council Regulation (EC) No 1165/98 concerning short-term statistics. Contact For more information: Andri Milidoni Last updated: 29/11/2013