Economy category powered by

Retail trade turnover up in February

The retail trade turnover in Cyprus recorded a notable increase in February 2025, according to data released by CySTAT.

Specifically, the Retail Trade Turnover Value Index for February 2025 rose by 5.6% compared to February 2024, while the Retail Trade Volume Index increased by 4.7% in the same month.

The highest increases were observed in the category of educational and recreational items, including books, stationery, sports equipment, and games. The value of this category grew by 18.2%, with the volume increasing by 17.8%. The information and communication systems equipment sector followed, with a 4.8% rise in value and an 11.7% increase in volume. Clothing and footwear also saw significant growth, with value rising by 4.0% and volume by 9.6%.

On the other hand, the largest decreases were recorded in retail trade outside of stores, with the value declining by 2.4% and the volume falling by 1.3%.

According to the data, from January to February 2025, the Value Index increased by 5.2%, while the Volume Index rose by 3.7%, indicating a steady growth trajectory in the retail sector, excluding motor vehicles.

(Source: CNA)

Read More

US delays higher tariffs but announces new rates for some nations
Highest midday power demand of the year anticipated to have been this week, official data show
Christodoulides: New natural gas discovery in EEZ reaffirms Cyprus’ energy potential
CSR Cyprus elects new Board of Directors
Shipping Deputy Minister Marina Hadjimanolis on official visit to London
Thirteen bounced cheques totaling €28,296 registered in June
Eurobarometer: Cyprus citizens have a positive perception of the impact of EU regional policy
Makis Keravnos to chair Eurogroup in Brussels, during which new President will be elected
CBC: In May consumer credit interest rate drops to 6.77%,
Results at Pegasus target to be revealed today, 7 July, Energy Minister says