According to the Statistical Service, the Retail Sales Value Index in Cyprus increased by 6.9% in August 2024, compared to the same month in 2023.

Similarly, the Retail Sales Volume Index rose by 5.7% during the same period, reflecting a robust performance in the retail sector.

For the period from January to August 2024, the Statistical Service reports a 5.3% increase in the Retail Sales Value Index and a 3.8% increase in the Retail Sales Volume Index, compared to the same period in 2023.