articles | 27 October 2015

Cyprus retail climbs 4% in August 2015

Retail sales volumes jumped by 4% year on in year August 2015, according to preliminary figures from the Statistical Service Cystat, following a 4.7% leap in July.

The category of electrical goods and furniture showed the biggest leap, rising by 19.9% year on year, while the category of computer, books and other equipment rose by 5.4%.

For the first eight months as a whole retail sales volumes are estimated to have risen by 2.9%.

Deflationary pressures mean that the retail sales value index rose by just 1.5% in August and fell by 1.1% year on year in the January-August period.

Source: InCyprus

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