Cyprus Turnover Volume Index of Retail Trade down by 7.5%

Cyprus’ Turnover Volume Index of Retail Trade for the period January-September 2013 recorded a decrease of 7.5% compared to the corresponding period of 2012.

According to recent figures released by the Statistical Service, Retail Trade Turnover Volume for September 2013 amounted to 105.4 units, recording a decrease of 7.1 units or 6.3% compared to 112.5 in August 2013. On an annual basis, the Index decreased by 5.9 units or 5.3%. According to provisional estimates, the Turnover Volume Index of Retail Trade for October 2013 declined by 1.1 units or 1.0% to 104.3 units compared to 105.4 in September 2013. For the period January-October 2013, the Index is provisionally estimated to have a decrease of 7.1% compared to the corresponding period of 2012.

Source: Financial Mirror