The value of wholesale trade activities in Cyprus saw an increase in the third quarter of 2024 compared to the same period last year, according to the state’s statistical service.
The Wholesale Trade Turnover Value Index (Sector 46) recorded a rise of 4.6 per cent during Q3 2024, marking a notable improvement over the third quarter of 2023.
This index reflects the total value of transactions within the wholesale trade sector, which includes the distribution of goods at a large scale to retailers, industrial, or commercial users.
In addition, the Turnover Value Index for the Trade and Repair of Motor Vehicles (Sector 45) rose by 1.6 per cent over the same period, signalling steady growth in this sub-sector.
The statistical service attributed these gains to increased economic activity and stable demand within the wholesale and motor vehicle repair sectors.
