Retail Sales in Cyprus

Cyprus Retail Sales | Economic News & Forecasts

Cyprus - Retail Sales

According to a preliminary release, the economy rebounded strongly in the second quarter. However, a low base effect flattered the reading, as evidenced by slower GDP growth in sequential terms compared to the prior quarter. Moving forward, available data paints a fairly positive picture for Q3. Higher economic sentiment in July compared to Q2 hints at positive domestic demand dynamics, while surging numbers of tourist arrivals in annual terms in July will have buoyed the external sector. However, in early August, workers at Limassol—the country’s largest port—went on an indefinite strike against DP World, the operator of the port’s general cargo and cruise terminals. The strike is poised to disrupt operations, likely weighing on trade ahead.

Cyprus - Retail Sales Data

2015   2016   2017   2018   2019  
Retail Sales (annual variation in %)-     5.2  6.2  5.4  3.2  

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Cyprus Retail Sales Chart


Cyprus Retail
Note: Annual variation of real retail sales in %.
Source: National Statistical Service and FocusEconomics calculations.

Cyprus Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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