Retail turnover up 8.4% in value, 6.4% in volume in June

15:30 - 01 August 2023

Economy Reporter

Retail trade turnover increased by 8.4% in value and 6.4% in volume in June 2023 compared to the corresponding month of 2022, according to data presented by CySTAT.

The Turnover Value Index of Retail Trade for June 2023 increased by 8.4%, with the biggest increase recorded in retail sale of food, beverages and tobacco (in specialised stores). The trade of computers and telecommunications equipment, curtains, carpets, books, stationery, sporting equipment, toys, flowers, plants, watches, jewellery, etc. went up 15.3% in value. Sale of food products and textiles, clothing, footwear recorded an increase of 13.3%.

A 17.6% decrease in value was recorded in the retail sale of automotive fuel in specialised stores.

For the same month, the Turnover Volume Index of Retail Trade increased by 6.4% compared to the corresponding month of the previous year. Trade of computers and telecommunications equipment, curtains, carpets, books, stationery, sporting equipment, toys, flowers, plants, watches, jewellery, etc. recorded the largest increase by 12.5%. Sales of textiles, clothing, footwear went up 9.3% in volume and sale of non-food products (except automotive fuel) rose by 8.6%.

Retail trade of automotive fuel in specialised stores increased by 7.7% in volume in June.

For the period January-June 2023, there was an increase in the Turnover Value Index of Retail Trade by 11.5% and the Turnover Volume Index of Retail Trade by 7.4%.

(Source: CNA)

Retail turnover up 8.4% in value, 6.4% in volume in June

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