Retail sales growth in Cyprus eased to 4.9 percent year-on-year in July of 2021, from a downwardly revised 5.3 percent in June. Sales of food products remained barely unchanged at 4.1 percent whereas sales declined for automotive fuel (-1.9 percent vs 8.7 percent). Also, sales accelerated for non- food products (7.5 percent vs 5.8 percent); textiles, clothing and footwear (8.6 percent vs 5.5 percent); and Computers and telecommunications equipment, curtains, carpets, books, stationery, sporting equipment, toys, flowers, plants, watches, jewellery, etc. (23.7 percent vs 21.9 percent) and declined at a softer pace for Electrical household appliances, furniture, lighting equipment, construction materials (-3.8 percent vs -4.7 percent). On a monthly basis, retail sales growth slowed to 6.3 percent from 10.8 percent in the previous month. source: Ministry of Finance, Cyprus
Retail Sales YoY in Cyprus averaged 0.81 percent from 2001 until 2021, reaching an all time high of 54.60 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 October 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 0.70 percent in 2022 and 1.50 percent in 2023, according to our econometric models.