Retail sales growth in Cyprus eased to 1.3 percent year-on-year in May of 2021, from a record 47.3 jump in the previous month. Sales increased at a softer pace for both non-food products (5.4 percent vs 161.6 percent in April) and automotive fuel (10.5 percent vs 140.4 percent). Meantime, sales of food dropped 3.2 percent, after an 8.7 percent growth in April. source: Ministry of Finance, Cyprus
Retail Sales YoY in Cyprus averaged 0.74 percent from 2001 until 2021, reaching an all time high of 47.30 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 August of 2021.
Retail Sales YoY in Cyprus is expected to be 3.20 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 1.20 percent in 2022 and 1.50 percent in 2023, according to our econometric models.