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1.1% monthly increase in retail trade volume in Cyprus in January

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ΜηνιαΙα αΙξησ&eta ; 1.1% στον ογκο λιανικοψ εμπορΙου σ την Κyπρο τον ΙανουΑριο

An increase of 1.1% in Cyprus and 0.3% in both the eurozone and the EU recorded in January 2023 the seasonally adjusted volume of retail trade compared to December 2022, according to estimates published by Eurostat, the European Union's statistical agency.

In December 2022, retail trade volume was down 0.2% in Cyprus compared to the previous month and down 1.7% in the eurozone and 1.6% in the EU.

Compared to January 2022, the calendar-adjusted retail trade index in Cyprus increased by 4.9%, while it decreased by 2.3% in the eurozone and by 2.2% in the EU.

By sector, the volume of retail trade in the euro area in January compared to December (on a monthly basis) increased by 1.8% for food, beverages and tobacco and by 0.8% for non-food products, while it decreased by 1.5% for motor fuels.

In the EU over the same period retail trade volume increased by 1.8% for food, drink and tobacco and by 1.1% for non-food products, while it decreased by 2.1% for motor fuels.

Among the Member States for which data were available, the highest monthly increases in total retail trade volume were recorded in the Netherlands (+4.9%), Luxembourg (+4.6%) and Slovenia (+4.1%) . The biggest decreases were recorded in Austria (-9.8%), Slovakia (-1.4%) and Hungary (-0.6%).

By sector and on an annual basis, i.e. in compared to January 2022, the volume of retail trade in the euro area fell by 5.0% for food, beverages and tobacco, and by 1.0% for non-food products, while it increased by 5.4% for fuel motoring.

In the same period in the EU the volume of retail trade decreased by 4.7% for food, drink and tobacco and by 1.0% for non-food products while it increased by 5.6% for motor fuels.

Among the Member States for which data were available, the highest annual declines in total retail trade volume were recorded in Belgium (-8.9%), Germany (-6.8% ), Denmark and Sweden (both -5.8%). The biggest increases were recorded in Slovenia (+18.5%), Romania (+5.8%) and Malta (+5.7%).

Also read: Housing Finance Agency: Increased interest for loans due to interest rates

Source: KYPE 

Source: www.sigmalive.com

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