Retail sales Y-on-Y in Albania, December, 2019
For that indicator, Albanian Institute of Statistics (INSTAT) provides data for Albania from January 2006 to December 2019. The average value for Albania during that period was 6.88 percent with a minimum of -12.8 percent in April 2007 and a maximum of 44.68 percent in April 2006.
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Source: Albanian Institute of Statistics (INSTAT)
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.