Retail trade surges in April

Retail trade increased significantly in April in both value and volume metrics, according to the latest data released Thursday by the Statistical Service of Cyprus.

The Turnover Value Index of Retail Trade in April 2023 showed a significant increase of 11.2% compared to the same month of the previous year. Additionally, the Turnover Volume Index of Retail Trade for April 2023 recorded a solid growth of 8.0% compared to the corresponding month of the previous year.

Moreover, during the first four months (January - April) of 2023, the Turnover Value Index of Retail Trade recorded a 13.3% increase compared to the corresponding period of the previous year.

Furthermore, the Turnover Volume Index of Retail Trade also showed growth, reaching 8.1% during the first quarter of 2023, compared to the same period in 2022.