Economy · Cyprus
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In May 2026, the retail sector in Cyprus experienced significant growth, with the turnover value index reporting a year-on-year increase of 9.8% and the turnover volume index rising by 7.5%. The state statistical service, Cystat, indicated that the growth in value was largely driven by soaring fuel prices, which significantly impacted overall retail turnover.
Notably, the greatest increases in turnover volume were observed in specific sectors, including clothing and footwear, which saw an increase of 19.4%, and equipment for information and communication systems, which rose by 17.6%. The positive performance in May reflects favorable conditions for the retail industry, marking it as a strong month despite the underlying inflationary pressures in fuel prices that contributed to the higher turnover figures.
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2 July
Fuel prices significantly increased the value index in Cyprus retail trade.
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