Retail Sales in Cyprus decreased 3.20 percent in November of 2020 over the same month in the previous year. source: Ministry of Finance, Cyprus

Retail Sales YoY in Cyprus averaged 0.52 percent from 2001 until 2020, reaching an all time high of 14.11 percent in February of 2008 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 February of 2021.

Retail Sales YoY in Cyprus is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Cyprus to stand at 3.80 in 12 months time. In the long-term, the Cyprus Retail Sales YoY is projected to trend around 1.50 percent in 2022, according to our econometric models.

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Cyprus Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-3.20 -1.10 14.11 -32.96 2001 - 2020 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2020-10-26 10:30 AM Aug -3.5% -0.5% 1%
2020-11-25 10:45 AM Sep -2.6% -3.4% -5.5%
2020-12-28 10:00 AM Oct -1.3% -2.8 -3%
2021-01-27 10:00 AM Nov -3.2% -1.1% -2.2%
2021-02-25 10:10 AM Dec -3.2% -2.7%
2021-03-26 10:00 AM Jan
2021-04-30 09:00 AM Feb
2021-05-25 09:10 AM Mar

News Stream
Cyprus Retail Sales Fall at Softer Pace
Retail sales in Cyprus dropped 2.6 percent from a year earlier in June 2020, following a revised 4.7 percent fall in the previous month and a record slump of 28.9 percent seen in April. Automotive fuel sales edged down 0.1 percent (vs -21.9 percent in May) and non-food trade declined 3.6 percent (vs -11.3 percent in May) led by computers and telecommunications equipment, curtains, carpets, books, stationery, sporting equipment, toys, flowers, plants, watches, jewelry (-18.4 percent vs -21.4 percent) and textiles, clothing, footwear (-6.9 percent vs -29.8 percent). Food products sales were also down (-2.3 percent vs 4.9 percent).
Cyprus Retail Sales Fall at Slower Pace in May
Retail sales in Cyprus declined by 7.4 percent from a year earlier in May 2020, easing from a revised 28.6 percent plunge in the previous month, as the country gradually lifted COVID-19 lockdown measures. Non-food trade dropped 16.9 percent (vs -63.8 percent in April) and fuel sales slumped 21.9 percent (vs -60.7 percent in April). At the same time, food trade increased by 3.9 percent, compared to 6.7 percent in the previous month.
Cyprus December Retail Sales Growth Slows to 4.2%
Retail sales in Cyprus increased 4.2 percent from a year earlier in December of 2019, after an upwardly revised 6.8 percent surge in the previous month, as sales grew less for food (0.4 percent vs 8.4 percent in November). In contrast, those of non-food products continued to rise solidly (8.3 percent vs 6.3 percent), especially computers & telecommunications equipment, books, stationery, sporting equipment, toys, flowers, jewellery (10.1 percent vs 5.5 percent) and electrical household appliances (8.5 percent vs 3 percent).

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.