Retail sales in Cyprus grew by 8% year-on-year in April 2023, following a 6.5% rise in the previous month. Sales increased sharply for food products (7.8% vs 4.9% in March), mainly due to higher sales of food, beverages & tobacco in specialized stores (15.2% vs 8%). Also, retail sale of automotive fuel in specialized stores rebounded (5.3% vs -2%), while those of slowed for non-food products (8.8% vs 11.1%). On a monthly basis, retail trade inched up by 2.8%, after a 8.5% gain in March. source: Ministry of Finance, Cyprus

Retail Sales YoY in Cyprus averaged 1.08 percent from 2001 until 2023, reaching an all time high of 55.62 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 June of 2023.

Retail Sales YoY in Cyprus is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Cyprus Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-05-02 09:00 AM Mar 6.5% 9% 7.0%
2023-06-01 09:00 AM Apr 8% 6.5% 5.1%
2023-07-03 09:00 AM May 8% 4.3%


Related Last Previous Unit Reference
Retail Sales MoM 2.80 8.50 percent Apr 2023
Retail Sales YoY 8.00 6.50 percent Apr 2023

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
8.00 6.50 55.62 -32.96 2001 - 2023 percent Monthly
Constant Prices, NSA

News Stream
Cyprus Retail Trade Rises in April
Retail sales in Cyprus grew by 8% year-on-year in April 2023, following a 6.5% rise in the previous month. Sales increased sharply for food products (7.8% vs 4.9% in March), mainly due to higher sales of food, beverages & tobacco in specialized stores (15.2% vs 8%). Also, retail sale of automotive fuel in specialized stores rebounded (5.3% vs -2%), while those of slowed for non-food products (8.8% vs 11.1%). On a monthly basis, retail trade inched up by 2.8%, after a 8.5% gain in March.
2023-06-01
Cyprus Retail Trade Slows in March
Retail sales in Cyprus grew by 6.5% year-on-year in March 2023, easing from an upwardly revised 9% rise in the previous month. Sales slowed sharply for food products (4.9% vs 10.4% in February), mainly due to lower sales of food, beverages & tobacco in specialized stores (8% vs 20.3%). Also, retail sale of automotive fuel in specialized stores dropped (-2% vs 1.7%). In contrast, sales continued to increase for non-food products (11.1% vs 9.3%). On a monthly basis, retail trade went up by 7.9%, accelerating from a downwardly revised 0.6% gain in February.
2023-05-02
Cyprus February Retail Sales Growth Rises to 7.3%
Retail sales in Cyprus increased by 7.3% year-on-year in February 2023, accelerating from a 6.1% growth in the previous month. This was the highest reading since May 2022, as sales advanced mostly for food products (9.3%), boosted by sales of food, beverages & tobacco in specialized stores (20.3%). Meanwhile, spending was weaker for both non-food products (6.3%) and automotive fuel (1.7%). On a monthly basis, retail activity rose by 6.8% in February, rebounding sharply from 28% decline in the previous month.
2023-04-03