Retail trade increases in Cyprus by 1.1% and 5.1% on monthly and annual basis in April 2017

Seasonally adjusted volume of retail trade rose in Cyprus by 1.1% in April 2017 on monthly basis and by 5.1% on annual basis, according to estimates from Eurostat, the statistical office of the European Union. Data for May are still confidential for Cyprus.

Meanwhile in May 2017, the seasonally adjusted volume of retail trade rose by 0.4% in the euro area (EA19) and by 0.2% in the EU28, compared with April 2017.

In April the retail trade volume increased by 0.1% in the euro area and by 0.5% in the EU28. In May 2017 compared with May 2016, the calendar adjusted retail sales index increased by 2.6% in both the euro area and in the EU28.

On a monthly basis the 0.4% increase in the volume of retail trade in the euro area in May 2017, compared with April 2017, is due to rises of 1.7% for automotive fuel and of 0.6% for non-food products, while Food, drinks and tobacco fell by 0.4%.

In the EU28, the 0.2% increase in the volume of retail trade is due to rises of 1.2% for automotive fuel and of 0.3% for non-food products, while Food, drinks and tobacco fell by 0.4%.

The highest increases in the total retail trade volume were registered in Romania (+4.3%), Lithuania (+1.8%) and Hungary (+1.7%), while the largest decreases were observed in Finland (-1.2%), Slovenia and the United Kingdom (both -0.9%).

On an annual basis, the 2.6% increase in the volume of retail trade in the euro area in May 2017, compared with May 2016, is due to rises of 3.5% for non-food products, of 2.1% for Food, drinks and tobacco and of 0.9% for automotive fuel.

In the EU28, the 2.6% increase in retail trade volume is due to rises of 3.5% for non-food products and of 1.7% for both Food, drinks and tobacco and automotive fuel.

The highest increases in the total retail trade volume were observed in Romania (+14.0%), Slovakia (+7.9%), Ireland and Slovenia (both +7.7%).

Source: Cyprus News Agency