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Production in services (sts_os_p)

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: Statistical Service of Cyprus (Cystat)

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Production (volume) Index in Services.

12 June 2025

As defined in the Commission Implementing Regulation 2020/1197.

The indicators in this sector cover economic activities listed in sections H, I, J, L, M and N of NACE (H-Transportation and Storage, I-Accommodation and food service activities, J-Information and communication, L-Real estate activities, M-Professional, scientific and technical activities [excluding activities of head offices, scientific research and development and veterinary activities], N-Administrative and support service activities).

Kind of activity unit (KAU).

The statistical units aggregate and sections H, I, J, L, M (excluding M701, M72, M75), N classified in NACE Rev. 2. The frame is the Business Register.

Republic of Cyprus.

Monthly.

The Production Index in Services is based on a sample survey, so errors from sampling are likely to occur. Coverage errors, measurement errors, non-response errors, processing errors are considered to be small but nevertheless actions are undertaken to reduce these different types of errors as much as possible. Data on the previous months may be revised, primarily as a result of updated information received from the responding units. 

Index (2021=100).

A Laspeyres index is compiled with fixed base year.

Weights for the PVSES index are calculated based on the value added at factor cost in the base year (derived from the SBS survey).

The data for NACE Rev. 2 Sections H, I, J, L, M, N are collected by survey. Administrative sources are also used.

The index is transmitted to Eurostat on a monthly basis as provisional and confidential.

Indices are submitted to Eurostat two months after the end of the reference month.

It is possible to compare the national index with that of other European countries, as full compliance with the definitions of the variables laid down in the EBSR is achieved. The EBS Regulation and the EBS methodological guidelines are applied.

When significant changes/revisions in data are noticed, time series are recalculated as far back as it is reasonably possible. The index is produced as from January 2021 onwards.