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Retail Trade Cycle And Volume Indicators Recorded An Annual Increase

The retail sector in Cyprus continued its upward trajectory in 2024, with both turnover value and volume registering solid gains. According to the latest data from CySTAT, the Turnover Value Index of Retail Trade for December 2024 increased by 5.8% compared to the same month in 2023, reflecting a strong performance during the crucial holiday shopping season.

At the same time, the Turnover Volume Index of Retail Trade—which measures the actual quantity of goods sold—grew by 3.6% year-over-year, signaling sustained consumer demand despite economic fluctuations.

Full-Year Performance: Consistent Growth In Value And Volume

For the entire January-December 2024 period, the Value Index recorded an estimated 5.4% increase compared to 2023, while the Volume Index rose by 4.3%. These figures suggest a healthy expansion in the country’s retail sector, supported by steady consumer spending and an improving economic landscape.

December’s growth aligns with broader annual trends, reinforcing the resilience of Cyprus’ retail market. While rising costs and global economic uncertainties have impacted various sectors, retail businesses in Cyprus have maintained a strong performance, benefiting from increased purchasing power and evolving consumer habits.

As 2025 unfolds, the sector’s ability to sustain this momentum will depend on factors such as inflation trends, wage growth, and broader economic stability. For now, Cyprus’ retail industry remains on solid footing, demonstrating consistent expansion across both value and volume metrics.

EU Farm Output Prices Decline For The First Time In Nine Months

EU Market Adjustments Signal New Price Trends

Agricultural output prices across the European Union declined in the fourth quarter of 2025, marking a shift after several quarters of increases. Data from Eurostat shows that farm gate prices fell by 1.9% compared with the same period in 2024.

Crisis of Declining Prices In Select Markets

Cyprus recorded one of the more notable decreases in agricultural input costs among EU member states, with prices falling by 2.6% compared with Q4 2024. The reduction eased cost pressures for the local agricultural sector following periods of higher prices earlier in 2025. Across the EU, prices for goods and services consumed in agriculture remained relatively stable. Non-investment inputs such as energy, fertilisers and feedingstuffs showed limited overall changes during the quarter.

Country-Specific Divergence In Price Movements

Eurostat data highlights considerable variation across member states. Fifteen EU countries recorded declines in agricultural output prices. Belgium registered the largest decrease at 12.9%, followed by Lithuania (8.2%) and Germany (6.0%). At the same time, twelve countries reported increases in output prices. Ireland recorded the strongest rise at 6.8%, followed by Slovenia (5.6%) and Malta (4.2%).

Stability In Agricultural Inputs Amid Commodity Shifts

Agricultural input prices also showed mixed developments. Eleven member states recorded declines, including Cyprus (2.6%), Belgium (2.1%) and Sweden (2.0%). Other countries experienced moderate increases, including Lithuania (4.2%), Ireland (3.3%) and Romania (2.5%). Among major agricultural commodities, milk prices declined by 4.1% while cereal prices fell by 8.9% across the EU. In contrast, fertilisers and soil improvers increased by 7.9%, reflecting continued volatility in input markets.

Outlook For EU Agriculture

The latest Eurostat data points to uneven price developments across the EU agricultural sector. While input prices remained broadly stable in many markets, movements in output prices varied significantly between member states. These trends highlight the need for farmers and policymakers to adapt to shifting commodity prices and changing cost structures across the European agricultural market.

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