Retail sales growth in Cyprus eased to 6.2 percent year-on-year in October of 2021 from a downwardly revised 7.3 percent in September. Sales increased at a slower pace for food products (3 percent vs 5.4 percent in September) and electrical household appliances, furniture, lighting equipment, and construction equipment (1.9 percent vs 6.2 percent). At the same time, retail trade declined at a constant rate for automotive fuel (at -0.4 percent). On the other hand, retail sales accelerated for textiles and clothing (21 percent vs 14.2 percent) and computers and telecommunications equipment, curtains, carpets, books, stationery, sporting equipment, toys, flowers, plants, watches, and jewelry (22.4 percent vs 20.4 percent). On a monthly basis, sales growth was at 1.7 percent, picking up from a 1.6 percent increase in the prior month. source: Ministry of Finance, Cyprus
Retail Sales YoY in Cyprus averaged 0.87 percent from 2001 until 2021, reaching an all time high of 54.60 percent in April of 2021 and a record low of -32.96 percent in March of 2013. This page provides the latest reported value for - Cyprus Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Retail Sales YoY in Cyprus is expected to be -2.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Retail Sales YoY is projected to trend around 0.70 percent in 2023 and 1.50 percent in 2024, according to our econometric models.