Trade and Repair of Motor Vehicles
Scope
The purpose of the Turnover Value Index of Wholesale and Retail Trade and Repair of Motor Vehicles (Index) is to monitor short-term developments of the economic activities classified under Division 45 of the Statistical Classification of Economic Activities of the European Union NACE Rev.2
(NACE 2).
Data collection
The Statistical Service collects data monthly by telephone enquiries, fax or e-mail. Data collection starts five days after the end of the reference period and is usually completed within two months. Turnover comprises the total amounts invoiced by the enterprise during the reference period,
excluding VAT but including other duties and taxes on the goods.
Compilation method and dissemination practices
The Index is using 2015 as the base year, meaning that it shows the quarterly changes in Turnover in relation to the quarterly Turnover average of the year 2015. In the base year, the average of the Turnover indices for the four quarters is 100,0. For example, a quarterly Turnover index of 105,3 means that the Turnover for the specific quarter has increased by 5,3% in relation to the average quarterly Turnover of 2015. The Index is calculated at current prices. The aggregated Index is a weighted average of the Turnover indices of the various Groups (subsets of activities), as defined in NACE 2. The weights used are derived from the results of the annual Wholesale and Retail Trade Survey in the base year (2015) and reflect the share of Turnover of each Group in relation to the total turnover of the activities of NACE 45. Enterprises with 10 or more employees are surveyed exhaustively and a sample is selected from enterprises employing less than 10 persons. Index compilation falls under the provisions of Council Regulation (EC) No 1165/98 concerning short-term statistics. The Index is transmitted quarterly to the Statistical Office of the European Union (Eurostat) and published on the website of the Statistical Service of Cyprus.
Contact Evangelia Efstathiou:
Tel.: +35722602196, Email: eefstathiou@cystat.mof.gov.cy
Last Updated: 17/03/2021