Turnover of the transport sector shrinks, that of business services - grows

The turnover of transport companies shrank in Q3 2012 both on a monthly and on an annual basis, while that of business services reported growth, showed data of the National Statistical Institute (NSI).

The comparison with Q3 2011 showed a significant decrease in the turnover of air and water transport - of 15.1% and 21.4%, respectively. The performance of the sector as a whole was positive on an annual basis thanks to the reported 9.8% growth in land transport and the 8.7% increase in postal and courier services. The Q3 2012 decrease in the turnover of transport and logistics was 2.7%, compared to Q2 2012. The biggest decline was reported in air transport (7.9%) and water transport (7.6%), while that in land transport was just 1.4%. The decline of turnover in the telecommunications sector for the quarter was 10.3% for Q3 2012 and 6.1% year-on-year.

The companies providing business services reported some 22.1% growth in July-September 2012, compared to the same period of 2011. The highest quarterly growth of turnover - 9.2% - was registered in the area of legal and tax consultations, accounting and auditing services. The performance of employment agents was also good, with a 24.6% increase on an annual basis and a 3.5% growth on a quarterly basis. Tour operators reported an increase of 23.7% year-on-year and of 2.8% for Q3 2012.

The turnover in publishing registered a significant drop in Q3 2012 - 18.7% on an annual basis and an increase of 2.1% on a quarterly basis. The situation in advertising agencies was similar. In Q3 2012, their turnover reported a significant decrease - 21.3%, compared to Q3 2011 and an increase of 4.8%, compared to Q2 2012. Movies, television shows and sound recordings produced in July-September 2012 were 9.5% less than in the same period last year and in the previous quarter.

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