Cyprus’ retail trade cycle value index experienced a notable increase of 5.8 per cent in February, compared to the corresponding month in 2023, according to a report released on Wednesday by the Cyprus Statistical Service (Cystat).

Similarly, during the same month, the statistical service reported that the retail trade turnover index rose by 5.1 per cent, relative to the same month of the previous year.

Furthermore, when examining the period from January to February 2024, it is estimated that the value index grew by 5.4 per cent, while the volume index saw a rise of 4.7 per cent, compared to the same period in 2023.