A 1.6% increase was recorded in the volume of retail trade in Cyprus in November 2023 compared to October of the same year.
During the same period, a decrease of 0.3% in the eurozone and 0.2% in the EU was reported, according to estimates from Eurostat, the statistical service of the European Union.
In October 2023, the volume of retail trade had remained stable in Cyprus compared to September, while it had increased by 0.4% in the eurozone and 0.5% in the EU.
On an annual basis, in November 2023 compared to November 2022, the calendar-adjusted retail sales index increased by 4.8% in Cyprus, while it decreased by 1.1% in the eurozone and 1.0% in the EU.
By retail trade sector in the eurozone in November 2023, compared to October 2023, the volume of retail trade decreased by 0.4% for non-food products and by 0.1% for food, beverages, and tobacco, while it increased by 1.4% for automotive fuels.
In the EU, the volume of retail trade decreased by 0.3% for non-food products and by 0.1% for food, beverages, and tobacco, while it increased by 0.4% for automotive fuels.
Among the member states for which data is available, the largest monthly decreases in the total volume of retail trade were recorded in Germany (-2.5%), Luxembourg (-1.4%), and Austria (-0.7%).
The highest increases were observed in Portugal (+3.1%), Croatia and Slovenia (both +3.0%), Malta and Romania (both +1.7%).
On an annual basis, in November 2023 compared to November 2022, a decrease in the retail trade volume was recorded by 4.5% for automotive fuels, by 0.7% for food, beverages, and tobacco, and by 0.2% for non-food products.
In the EU, the volume of retail trade decreased by 5.0% for automotive fuels, by 0.5% for food, beverages, and tobacco, and by 0.2% for non-food products.
Among the member states for which data is available, the largest annual decreases in the total volume of retail trade were recorded in Slovenia (-11.1%), Estonia (-8.8%), and Hungary (-5.4%). The highest increases were observed in Spain (+6.8%), Croatia (+6.4%), and Denmark (+6.3%).
