Cyprus Business Now

Cyprus’ retail turnover recorded a significant increase on an annual basis in October, according to data released by the Cyprus Statistical Service (Cystat) on Monday.

The Retail Trade Turnover Value Index increased in October 2021 by 10.6 per cent compared to the corresponding month of the previous year.

During the same month, the Retail Trade Turnover Volume Index increased by 6.2 per cent year-on-year.

Specifically for the period between January and October of 2021, the value index is estimated to have increased by 9.4 per cent and the volume index by 7.4 per cent compared to the same period of 2020.

Industrial output prices in Cyrpus recorded an increase of 19.2 per cent on an annual basis and 5.8 per cent on a monthly basis in November of 2021, according to data by the Cyprus Statistical Service (Cystat).

Moreover, the increase for the first eleven months of the previous year was 6.7 per cent year-on-year.

In particular, the Index of Industrial Output Prices for November 2021 reached 118.8 units (base 2015=100), recording an increase of 5.8 per cent compared to October 2021.

According to the figures released by Cystat, compared to the corresponding month of the previous year, the index recorded an increase of 19.2 per cent.

For the period between January and November of 2021, the index recorded an increase of 6.7 per cent compared to the corresponding period of 2020.

In November of 2021 compared to October of the same year, the index remained stable in the sectors of mining and quarrying and water supply and materials recovery, while it showed a rise in the sectors of electricity supply (24.2 per cent) and manufacturing (0.7 per cent).

The Cyprus Stock Exchange (CSE) ended Monday, January 3 with losses.

The main Cyprus Stock Market Index was at 67.42 points at 13:04 during the day, reflecting a drop of 1.81 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 40.45 points, which represents a 1.77 per cent decrease.

The total value of transactions came up to €40,215.49.

In terms of sub-indexes, the alternative index rose by 0.02 per cent, while the main and investment firm indexes fell by 2.72 per cent and 3.96 per cent respectively. The hotel index remained stable.

The biggest investment interest was attracted by the Bank of Cyprus (-3.77 per cent), Louis (no change), Logicom (no change) and Petrolina (+0.93 per cent).