Annual increase 7.7% in value recorded for retail trade in March

The Turnover Value Index of Retail Trade for March 2022 increased by 7.7% compared to the corresponding month of the previous year. For the same month, the Turnover Volume Index of Retail Trade decreased by 2% compared to March 2021, according to data released by Cyprus Statistical Service on Monday.

The greatest annual increase was recorded in the retail sale of automotive fuels, with 37.2% higher value compared to March 2021 and 6.1% increase in volume.

On the other hand, a decrease of 19% was recorded in value and 24.4% in volume in the non-specialised retail stores.

For the period January-March 2022, the value index is estimated to have recorded an increase of 9.9% and the volume index an increase of 1.7% compared to the same period of 2021.

During the first three months of the year, fuel retail sales increased by 43.4% in value and 12.1% in volume. In March, the largest increase in volume, amounting to 23.2% was recorded in textiles, clothing, footwear, with a corresponding increase in value of 26.8%, compared to January 2022.

The largest decrease in both value and volume during the first three months of 2022 was recorded in non-specialized retail stores, with 11% and 15.7% respectively.