Retail Sales in Cyprus increased 5.40 percent in June of 2021 over the same month in the previous year. source: Ministry of Finance, Cyprus

Retail Sales YoY in Cyprus averaged 0.76 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 September 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.

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Cyprus Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
5.40 1.50 54.60 -32.96 2001 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-06-01 09:10 AM Mar 10.6% 2.1% 3.2%
2021-07-01 09:30 AM Apr 47.3% 11.6% 21.5%
2021-08-02 10:30 AM May 1.3% 47.3% 9.8%
2021-09-01 09:00 AM Jun 5.4% 1.5% 1.5%
2021-10-04 09:00 AM Jul 5.4%
2021-11-01 10:30 AM Aug
2021-12-01 10:00 AM Sep
2021-12-28 10:00 AM Oct

News Stream
Cyprus June Retail Sales Growth Rises to 5.4%
Retail sales in Cyprus increased by 5.4 percent year-on-year in June of 2021, from an upwardly revised 1.5 percent growth in the previous month as sales grew at a faster pace for computers and telecommunications equipment, curtains, carpets, books, stationery, sporting equipment, toys, flowers, plants, watches, jewellery (21.9 percent vs 10.1 percent in May); and for non-food products except automotive fuel (6.4 percent vs 5.6 percent). Moreover, sales rebounded for food products (3.8 percent vs -3.1 percent). Meanwhile, sales slowed for textiles, clothing, footwear (5.8 percent vs 37.9 percent) and automotive fuel in specialized stores (10.5 percent vs 8.7 percent). On a monthly basis, retail sales rose by 10.9 percent, following an 8.9 percent decline in the previous month.
Cyprus Retail Sales Slowed in May
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.
Cyprus Retail Sales Rebound in February
Retail sales in Cyprus increased 1 percent from a year earlier in February of 2021, rebounding from an upwardly revised 10.8 percent slump in the previous month. Sales of non-food products went up 1.3 percent, recovering from a 35.5 percent drop in January while those of food slowed (4.4 percent vs 15.5 percent). Meantime, automotive fuel sales continued to decline (-15 percent vs -27.2 percent).
Cyprus Retail Sales Slump in January
Retail sales in Cyprus dropped 9.25 percent from a year earlier in January of 2021, following a 2.14 percent increase in the previous month. Sales slumped at a faster pace for textiles, clothing, footwear (-55.5 percent vs -27.3 percent in December), non food products (-31.3 percent vs -4.4 percent) and automotive fuel (-27.2 percent vs -4.2 percent). In contrast, sales of food increased at a faster pace (15.1 percent vs 10.2 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.