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Retail trade turnover value significantly up

05/04/2022 08:36

Retail trade turnover value was up by a significant 12.2% in the first two months of 2022 on an annual basis, while the volume index also marked an increase of 4.8%.

In particular, according to data released by the Cyprus Statistical Service (CyStat) on Monday, the Turnover Value Index of Retail Trade for February 2022 increased by 6.6% compared to the corresponding month of the previous year.

For the same month, the Turnover Volume Index of Retail Trade decreased by 2,0% compared to the corresponding month of the previous year.

"For the period January-February 2022, the value index is estimated to have recorded an increase of 12.2% and the volume index an increase of 4.8% compared to the same period of 2021," CyStat said.