Retail sales in Cyprus increased to 4 percent year-on-year in December 2022, following a 2.4 percent rise in November. It was the biggest gain in retail trade since May, as sales grew faster for computers & telecommunications equipment, curtains, carpets, books, stationery, sporting equipment, toys, flowers, plants, watches, & jewellery (16.7 percent vs 5.8 percent); non-food products (7.2 percent vs 3.7 percent); and food products (2.4 vs 1.8 percent). On the other hand, a slower advance was recorded for electrical household appliances, furniture, lighting equipment & construction equipment (0.7 percent vs 2.7 percent and textiles & clothing (8.6 vs 10.1 percent). Sales declined further for automotive fuel (-5 percent vs -0.5 percent). On a monthly basis, retail sales expanded by 22.2 percent, the most since December 2020. Considering full 2022, they added 2.2% source: Ministry of Finance, Cyprus
Retail Sales YoY in Cyprus averaged 0.98 percent from 2001 until 2022, 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 February of 2023.
Retail Sales YoY in Cyprus is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.