Retail sales Y-on-Y in Cyprus, December, 2019
For that indicator, Eurostat provides data for Cyprus from January 2001 to December 2019. The average value for Cyprus during that period was 2.39 percent with a minimum of -13.7 percent in March 2013 and a maximum of 12.78 percent in November 2007.
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Definition: The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction.
Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year.
The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.