The Turnover Value Index of Transport and Storage for the third quarter of 2022 reached 147.5 units (base year 2015=100), recording an increase of 44.4% compared to the corresponding quarter of 2021, according to data published by the Statistical Service of Cyprus on Monday.

By economic activity, the highest increase relative to the third quarter of the previous year was observed in air transport by 390.1%, and is the result of the opening or closure of airline companies, due to the pandemic.

Land transport increased by 37.7%, warehousing and support activities for transportation by 28.3% and water transport by 5%, while a decrease of 2.2% was observed in postal and courier activities.

During the period January-September 2022, the Turnover Value Index of Transport and Storage recorded an increase of 44.7% compared to the corresponding period of 2021.