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.

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Cyprus Retail Sales YoY


Cyprus Retail Sales YoY
In Cyprus, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.
Actual Previous Highest Lowest Dates Unit Frequency
6.20 7.30 54.60 -32.96 2001 - 2021 percent Monthly
2015=100

Calendar GMT Actual Previous Consensus TEForecast
2021-12-01 10:00 AM Sep 7.7% 3.5% 1.2%
2022-01-03 10:30 AM Oct 6.2% 7.3% 4.3%
2022-02-01 10:00 AM Nov 6.2% 7%


Related Last Previous Unit Reference
Retail Sales MoM 6.30 10.80 percent Jul/21
Retail Sales YoY 6.20 7.30 percent Oct/21


News Stream
Cyprus Retail Sales Growth Eases in October
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.
2022-01-03
Cyprus Retail Sales Growth Rebounds in September
Retail sales growth in Cyprus advanced to 7.7 percent year-on-year in September of 2021 from an upwardly revised 3.5 percent in August. It was the steepest increase since the series record in April, as retail sales rebounded for food products (5.5 percent vs -2.7 percent in August) and accelerated for textiles, clothing, and footwear (13.7 percent vs 10.8 percent) and computers and telecommunication equipment, curtains, carpets, books, stationery, sporting equipment, toys, flowers, plants, watches, and jewelry (24.8 percent 18.1 percent). On the other hand, sales slowed for electrical household appliances, furniture, lighting equipment, and construction materials (4.9 percent vs 7.2 percent). On a monthly basis, retail sales growth was at 1.8 percent, rebounding from the 8.3 percent decline in August.
2021-12-01
Cyprus Retail Sales Growth Slows in July
Retail sales growth in Cyprus eased to 4.9 percent year-on-year in July of 2021, from a downwardly revised 5.3 percent in June. Sales of food products remained barely unchanged at 4.1 percent whereas sales declined for automotive fuel (-1.9 percent vs 8.7 percent). Also, sales accelerated for non- food products (7.5 percent vs 5.8 percent); textiles, clothing and footwear (8.6 percent vs 5.5 percent); and Computers and telecommunications equipment, curtains, carpets, books, stationery, sporting equipment, toys, flowers, plants, watches, jewellery, etc. (23.7 percent vs 21.9 percent) and declined at a softer pace for Electrical household appliances, furniture, lighting equipment, construction materials (-3.8 percent vs -4.7 percent). On a monthly basis, retail sales growth slowed to 6.3 percent from 10.8 percent in the previous month.
2021-10-04