Transport sector experiences reduced turnover

The transport sector has witnessed a decline in turnover, according to the latest data released by the Cyprus Statistical Service (Cystat).

The turnover index for transport and storage in the first quarter of 2024 stood at 115.0 points, based on 2021 as the base year (100). This marks a decrease of 1.9 per cent compared to the same quarter of the previous year.

Breaking it down by economic activity, there were notable variations.

Postal and courier activities saw a significant increase of 10.2 per cent, while land transport also experienced a modest rise of 4.2 per cent.

Conversely, air transport suffered a substantial drop of 15.2 per cent.

Additionally, storage and support activities declined by 2.6 per cent, and water transport saw a slight decrease of 1.3 per cent.