articles | 05 December 2016

Cyprus retail trade up by 1.3% in September 2016

In October 2016 compared with September 2016, the seasonally adjusted volume of retail trade rose by 1.1% in the euro area (EA19) and by 1.2% in the EU28, according to Eurostat.

On an annual basis the same index increased by 2.4% in the euro area and by 3.5% in the EU28. 

According to Eurostat the latest data available for Cyprus show a 1.3% increase in September 2016, both on a monthly and annual basis.

The 1.1% increase in the volume of retail trade in the euro area in October 2016, compared with September 2016, is due to rises of 2.3% for non-food products and of 0.2% for ‘Food, drinks and tobacco’, while automotive fuel fell by 1.0%. In the EU28, the 1.2% increase in the volume of retail trade is due to rises of 2.3% for non-food products and of 0.2% for ‘Food, drinks and tobacco’, while automotive fuel fell by 0.9%. Among Member States for which data are available, the highest increases in the total retail trade volume were registered in Slovenia (+3.7%), Luxembourg (+2.9%), Germany (+2.4%) and the United Kingdom (+2.0%), while decreases were observed in Malta (-0.5%), Ireland (-0.4%), Hungary (-0.3%), Slovakia (-0.2%) and Spain (-0.1%).

The 2.4% increase in the volume of retail trade in the euro area in October 2016, compared with October 2015, is due to rises of 3.3% for non-food products, of 2.1% for ‘Food, drinks and tobacco’ and of 0.7% for automotive fuel. In the EU28, the 3.5% increase in retail trade volume is due to rises of 4.9% for non-food products, of 2.5% for ‘Food, drinks and tobacco’ and of 1.7% for automotive fuel. Among Member States for which data are available, the highest increases in the total retail trade volume were observed in Luxembourg (+16.0%), Romania and Slovenia (both +8.7%) and Lithuania (+8.3%), while a decrease was observed in Belgium (-1.9%).

Source: InCyprus

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