articles | 01 September 2022

Tourism spearheads services sector recovery in second quarter

The accommodation and catering services sector showed the largest annual increase in the turnover index during the second quarter of 2022, reflecting the recovery of the tourism industry, according to a report released on Wednesday by the Cyprus Statistical Service.

According to the report, the turnover index in the second quarter of 2022 rose by 84.3% in terms of the accommodation and catering services sector.

This was followed by a rise of 69.8% for administrative and support services, 34.8% for information and communication services, while the turnover for professional, scientific and technical activities rose by 9%.

Between January and June 2022, the turnover index for the accommodation and catering services sector increased by 86.3% year-on-year, while administrative and support services increased by 47%.

Finally, information and communication services rose by 33.7%, while professional, scientific and technical activities grew by 8.2%, both year-on-year.

Source: Cyprus Mail

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