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).
Retail Sales YoY in Cyprus averaged 0.57 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 September of 2020.
Retail Sales YoY in Cyprus is expected to be -5.50 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 2.50 in 12 months time. In the long-term, the Cyprus Retail Sales YoY is projected to trend around 3.80 percent in 2021 and 1.50 percent in 2022, according to our econometric models.