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Cyprus Retail Sector Demonstrates Robust Expansion In July 2025

Strong Growth Signals Market Resilience

Recent figures reveal that Cyprus’s retail trade experienced significant growth in July 2025. The Retail Trade Turnover Value Index advanced by 5.2% compared to July 2024, while the Turnover Volume Index surged by an even more impressive 8.7% year-over-year, underscoring a vibrant rebound in consumer activity.

Sector Spotlight: Food, Beverages, And Tobacco

Within the value index, specialized outlets in food, beverages, and tobacco emerged as the standout performers with a 15.3% increase. Equally noteworthy, the volume index for these categories soared by 19.8%, highlighting a substantial uptick in both consumer demand and purchasing volume.

Contrasting Trends And Market Dynamics

Not all segments experienced growth, however. The motor fuels category registered a 5.7% decline, reflecting shifting consumer priorities in an evolving economic landscape. Meanwhile, the clothing and footwear category posted a healthy 15.7% increase in volume, further exemplifying the sector’s overall resilience.

The educational and recreational goods segment, which includes books, stationery, sporting equipment, and toys, was the only category to show a slight downturn, falling by 1% in volume. This minor decline contrasts with the generally robust performance observed across other key sectors.

Year-To-Date Performance And Future Outlook

Looking at the broader picture, from January to July 2025, the Retail Trade Turnover Value Index grew by 6.4% year-over-year. Similarly, the Turnover Volume Index increased by 7.2%, reinforcing positive trends and signaling sustained momentum in the Cyprus retail sector. These developments provide a compelling insight into the market’s resilience and its potential for ongoing growth.

Figma Introduces AI-Enhanced Code-To-Canvas Feature As Tech Market Volatility Grows

Integrating AI With Design

Figma, in collaboration with Anthropic, has launched an innovative feature called Code to Canvas. This advancement transforms code generated by artificial intelligence tools such as Claude Code into fully editable designs within Figma’s digital canvas. By bridging the gap between AI-driven code and design refinement, the new tool empowers teams to refine, compare, and finalize design options with greater efficiency.

Reinforcing The Role Of Design

The integration underscores a broader strategic belief: even as AI automates the initial creation of interfaces, the human element in design remains indispensable. Although this partnership equips teams with a faster on-ramp to usability, it also carries the risk that as AI tools mature, the traditional design process may be circumvented entirely. This delicate balance between automation and creative oversight is reshaping how products are built and refined.

Market Reactions And The SaaS Landscape

Figma’s latest move comes at a time when the software as a service (SaaS) sector is experiencing significant turbulence. The market has broadly punished SaaS stocks, with flagship names including Salesforce, ServiceNow, and Intuit suffering double-digit declines. The iShares Software ETF has also entered bear market territory, reflecting investor concerns over a broader ‘SaaSpocalypse.’

Stock Performance And Future Outlook

Figma, which experienced a dramatic stock decline since its IPO last summer, has not been immune to these market forces. As it prepares to report earnings after Wednesday’s market close, Figma’s stock has fallen nearly 85% from its 52-week high of $142.92 reached in August. This steep drop emphasizes the challenges even industry leaders face amid a shifting economic landscape.

As Figma continues to innovate at the intersection of design and AI, industry observers will be keenly watching both the technological impact and the broader market reaction to these bold strategic moves.

eCredo
The Future Forbes Realty Global Properties
Uol
Aretilaw firm

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