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.