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). source: Ministry of Finance, Cyprus

Retail Sales YoY in Cyprus averaged 0.51 percent from 2001 until 2021, 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 May of 2021.

Retail Sales YoY in Cyprus is expected to be 2.50 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 1.80 in 12 months time. 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
1.00 -10.80 14.11 -32.96 2001 - 2021 percent Monthly
2015=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-27 10:00 AM Nov -3.2% -1.1% -2.2%
2021-02-25 11:00 AM Dec 2.1% -3.2% -2.7%
2021-03-26 09:30 AM Jan -9.2% 2.1% 0.5%
2021-05-04 09:00 AM Feb 1% -10.8% -11%
2021-06-01 09:10 AM Mar 1% 3.2%
2021-06-22 09:00 AM Apr 21.5%
2021-07-27 09:30 AM May 5.8%
2021-08-25 09:00 AM Jun 2.5%


News Stream
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).
2021-05-04
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).
2021-03-26
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).
2020-08-25
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.
2020-07-27

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.