Retail trade registers growth in January – August

Cyprus retail trade (excluding motor vechicles) marked annual growth for the period of January – August 2016, according to provisional estimates issued by the Statistical Service on Tuesday.

According to Cystat, the Turnover Volume Index of Retail Trade for August 2016 increased by 1.8% compared to the corresponding month of the previous year and reached 92,1 units (base 2010=100).

For the period January-August 2016, the index is estimated to have recorded an increase of 4.5% compared to the same period of 2015.

Furthermore, the Turnover Value Index of Retail Trade for August 2016 increased by 2.6% compared to the corresponding month of the previous year and reached 91,0 units (base 2010=100).

For the period January-August 2016 the index is estimated to have recorded an increase of 2.2% compared to the same period of 2015.

Source: Cyprus News Agency.