The value of the retail trade turnover in 2023 recorded a substantial increase of 8.9%, while the volume of retail trade turnover saw a growth of 5.8%. According to data from the Statistical Service of Cyprus, for the period of January-December 2023, the value index is estimated to have increased by 8.9%, and the volume index rose by 5.8% compared to the same period in 2022. In December 2023, the Turnover Value Index of Retail Trade increased by 4.2% compared to the same month of the previous year. During the same month, the Volume Index of Retail Trade Turnover also saw a growth of 3.4% compared to the corresponding month of the previous year. Source: Cyprus News Agency