Retail trade up 5.6% in both value and volume in March

15:38 - 02 May 2025

Economy

Retail trade in Cyprus marked a notable growth in March 2025, with both the Turnover Value Index and the Turnover Volume Index increasing by 5.6% compared to the same month last year, according to Cystat.

The Turnover Value Index for retail trade, excluding motor vehicles, rose to 128.4 points (base year 2021=100), while the Volume Index rose to 114.7 points.

In the first quarter of 2025, the retail trade value index increased by 5.3%, while the volume index grew by 4.3% compared to the same period in 2024.

According to the official figures, the yearly expansion in March was driven by rising consumer demand across both edible and non-edible goods.

Food, beverages, and tobacco in non-specialised stores (e.g. supermarkets) led the value growth with a 7.1% increase year-on-year, and volume growth at 5.9%.

Clothing and footwear saw a significant 16.7% increase in volume and 7.4% in value. Cultural and recreational goods, including books, toys, and sports equipment, registered a 7.8% rise in both value and volume.

Household equipment, such as furniture and electrical appliances, also posted robust gains, with value and volume up by 7.1% and 7.7%, respectively.

On the other hand, automotive fuel recorded a decline of 1.3% in both value and volume and retail sales not in stores, including online trade, dropped by 4.3% in value and 2.6% in volume.

Retail trade up 5.6% in both value and volume in March

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