Retail sales in Cyprus increased 2.7 percent year-on-year in September of 2018, after an upwardly revised 3.8 percent rise in the prior month. It is the lowest gain in retail trade since April 2017. Sales advanced less for both food products (1.7 percent vs 2.3 percent in August) and non-food products (6.2 percent vs 6.6 percent), mainly due to a 1.5 percent decline in sales of textiles, clothing and footwear. Considering the January to September period of 2018, retail sales grew 6.2 percent over a year ago. On a monthly basis, retail sales decreased 1.2 percent, following a downwardly revised 4.8 percent decline in August. Retail Sales YoY in Cyprus averaged 0.48 percent from 2001 until 2018, 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.

Retail Sales YoY in Cyprus is expected to be 2.30 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 4.40 in 12 months time. In the long-term, the Cyprus Retail Sales YoY is projected to trend around 3.80 percent in 2020, according to our econometric models.

Cyprus Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-27 09:00 AM Retail Sales YoY 6.2% 5.0% 5.7%
2018-09-25 10:20 AM Retail Sales YoY 1.7% 6.6% 5.2%
2018-10-25 09:00 AM Retail Sales YoY 1.9% 2.0% 5.5%
2018-11-26 10:00 AM Retail Sales YoY 2.7% 3.8% 2.2%
2018-12-27 10:00 AM Retail Sales YoY 2.7% 2.5%
2019-01-25 10:00 AM Retail Sales YoY
2019-02-26 10:00 AM Retail Sales YoY 2.30%


Cyprus Consumer Last Previous Highest Lowest Unit
Consumer Confidence -6.50 -5.20 5.00 -64.40 Index Points [+]
Retail Sales MoM -1.20 -4.80 37.30 -43.30 percent [+]
Retail Sales YoY 2.70 3.80 14.11 -32.96 percent [+]
Consumer Spending 3369.90 3351.30 3369.90 1475.70 EUR Million [+]
Personal Savings -2.33 -4.97 11.64 -6.25 percent [+]
Gasoline Prices 1.43 1.51 1.99 0.57 USD/Liter [+]
Households Debt To Income 162.64 178.83 203.02 103.61 percent [+]
Consumer Confidence Current Conditions 17.60 16.30 17.60 -90.50 [+]
Consumer Confidence Economic Expectations 18.50 16.30 19.80 -66.50 [+]
Consumer Confidence Financial Expectations 3.50 6.30 7.40 -46.90 [+]
Consumer Confidence Major Purchases Expectations -28.60 -24.80 40.00 -79.80 [+]
Consumer Confidence Price Trends -11.00 -7.90 68.20 -43.00 [+]
Consumer Confidence Savings Expectations -37.30 -35.10 -12.30 -67.10 [+]
Consumer Confidence Unemployment Expectations -12.30 -16.10 79.50 -16.10 [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.70 3.80 14.11 -32.96 2001 - 2018 percent Monthly
2015=100




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