Retail sales Y-on-Y in Armenia, March, 2020
For that indicator, we provide data for Armenia from January 2019 to March 2020. The average value for Armenia during that period was 6.77 percent with a minimum of -9.9 percent in March 2020 and a maximum of 10.5 percent in July 2019.
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* indicates monthly or quarterly data series
Source: National Statistical Service of the Republic of Armenia
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.