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.

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Cyprus Retail Sales YoY


Calendar GMT Actual Previous Consensus TEForecast
2021-09-01 09:00 AM Jun 5.4% 1.5% 1.5%
2021-10-04 10:00 AM Jul 4.9% 5.3% 6.2%
2021-11-01 10:30 AM Aug 4.9% 9.8%


News Stream
Cyprus Retail Sales Growth Slows in July
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.
2021-10-04
Cyprus June Retail Sales Growth Rises to 5.4%
Retail sales in Cyprus increased by 5.4 percent year-on-year in June of 2021, from an upwardly revised 1.5 percent growth in the previous month as sales grew at a faster pace for computers and telecommunications equipment, curtains, carpets, books, stationery, sporting equipment, toys, flowers, plants, watches, jewellery (21.9 percent vs 10.1 percent in May); and for non-food products except automotive fuel (6.4 percent vs 5.6 percent). Moreover, sales rebounded for food products (3.8 percent vs -3.1 percent). Meanwhile, sales slowed for textiles, clothing, footwear (5.8 percent vs 37.9 percent) and automotive fuel in specialized stores (10.5 percent vs 8.7 percent). On a monthly basis, retail sales rose by 10.9 percent, following an 8.9 percent decline in the previous month.
2021-09-01
Cyprus Retail Sales Slowed in May
Retail sales growth in Cyprus eased to 1.3 percent year-on-year in May of 2021, from a record 47.3 jump in the previous month. Sales increased at a softer pace for both non-food products (5.4 percent vs 161.6 percent in April) and automotive fuel (10.5 percent vs 140.4 percent). Meantime, sales of food dropped 3.2 percent, after an 8.7 percent growth in April.
2021-08-02

Cyprus Last Unit Reference Previous Highest Lowest
Retail Sales MoM 6.30 percent Jul/21 10.80 38.80 -43.30
Retail Sales YoY 4.90 percent Jul/21 5.30 54.60 -32.96


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.