Cyprus recorded upward trends in retail trade during November 2023, as revealed by data released by CySTAT.
More specifically, the Retail Trade Turnover Value Index increased by 5.7% compared to the same month last year, with a cumulative growth of 9.4% for the period January to November 2023.
The most substantial increases in value were observed in the retail trade of food, beverages, and tobacco in specialised stores (13.4%) and in edible products (10%).
In the same month, the Retail Trade Turnover Volume Index grew by 5.6% compared to November of the previous year, contributing to an overall increase of 6.1% for the period January to November 2023.
The most significant volume increases were recorded in a category encompassing Computers and telecommunications equipment, curtains, carpets, books, stationery, sporting equipment, toys, flowers, plants, watches, jewellery, etc. (11.5%), as well as in the retail trade of food, beverages, and tobacco in specialized stores (9.3%).
(Source: CNA)
