retail sector consumer behavior

Cyprus Retail Sector Experiences March Surge

In March 2024, Cyprus’ retail sector experienced a substantial surge with a 5.5% increase in the trade turnover value index and a 5.2% rise in retail volume, indicating a robust consumer market. This positive trend continued into the first quarter of the year, showing a 5.4% climb in the value index and a 4.9% increase in the volume index compared to the same period in 2023, highlighting a flourishing retail landscape.