Cyprus - Retail Sales

For Cyprus, turnover indexes of value and volume for subsections of retail trade (NACE Rev. 2 section 47), monthly. (Retail sales index.)

Active:

• Industry classification: NACE Rev. 2
• Measurement:
  • Fixed-base value index relative to 2015 (Index 2015=100)
  • Matching volume index (Vol. Index 2015=100)
• Adjustment: Not seasonally adjusted (NSA)
• Native frequency: Monthly
• Reported start date: 2015m1
• Extended start date: 2000m1

Predecessors:

• 2010=100, NACE Rev. 2 - 2013m1* to 2017m12
• 2005=100, NACE Rev. 2 - 2005m1 to 2013m12
• 2000=100, NACE Rev. 1.1 - 2003m1 to 2009m2
• 1995=100, NACE Rev. 1.1 - 2001m1 to 2003m12

The Retail Trade Turnover Index follows the provisions of Council Regulation (EC) No 1165/98 concerning short-term statistics, and its amending Regulations.

Data collection starts one week after the end of the reference month and is carried out by telephone or personal interviews, by fax and by e-mail.

Turnover comprises the sales invoiced by the enterprise during the reference period, which corresponds to market sales of goods or services supplied to third parties. Turnover includes all duties and taxes on the goods or services with the exclusion of the VAT invoiced.

The Turnover Value Index is compiled at current prices. The Turnover Volume Index is deflated using Consumer Price Indices (CPI). The value is unadjusted (gross), i.e., no working day or seasonal adjustment is performed.

Weights are derived from the annual Wholesale and Retail Trade Survey 2015.

Indexes are rebased every five years (2000=100, 2005=100, etc.).

Economic activities classification

Under NACE Rev. 1.1 (January 2003 to December 2008):

• Hotels and restaurants = 55
• Computer and related = 72
• Other business activities = 74
• Legal; accounting; book-keeping and auditing; tax consultancy; market research; business management = 74.1
• Architectural and engineering and related technical consultancy; technical testing and analysis = 74.2+74.3
• Advertising = 74.4
• Labour recruitment and provision of personnel = 74.5
• Investigation and security = 74.6
• Industrial cleaning = 74.7
• Miscellaneous business n.e.c. = 74.8

Under NACE Rev. 2 (January 2005 to present):

• Total retail trade = 47
• Total retail trade except automotive fuel = 47 ex. 47.3
• Food-drinks-tobacco (in non-specialized stores) = 47.11
• Other retail trade (in non-specialized stores) = 47.19
• Food-drinks-tobacco (in specialized stores) = 47.2
• Food products = 47.2+47.11
• Non-food products (except automotive fuel) = 4719+47.4+47.5+47.6+47.7+47.9
• Textiles-clothing-footwear = 47.51+47.71+47.72
• Electrical goods and furniture = 47.43+47.52+47.54+47.59+47.63
• Computer equipment, books and other  = 47.41+47.42+47.53+47.61+47.62+47.64+47.65+47.76+47.77+47.78
• Automotive fuel (in specialized stores) = 47.3

Timeliness

Data are generally published monthly with a two-month lag, but it's not uncommon for the source to skip a dissemination period, i.e., there will be a two-month gap between successive reports, and two periods will be appended.

Moody's Analytics supplements

We extend the general index, both value and volume variants. We compute a seasonally adjusted version of the extended general index. We use the X-13ARIMA-SEATS program.

Each month's data are published in provisional and final forms; i.e., revisions to past periods are possible.

Further reading

At the source:

• Methodological note on the Retail Trade Turnover Index