Retail sales index in Colombia, July, 2020
For that indicator, we provide data for Colombia from January 2003 to July 2020. The average value for Colombia during that period was 80.27 index points with a minimum of 45.91 index points in February 2003 and a maximum of 134.3 index points in December 2012.
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around the world.
* indicates monthly or quarterly data series
Measure: index points
Source: National Department Administrative of Statistics (DANE)
Definition: The retail sales index 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. The retail sales index measures only the volume changes, i.e. price level changes are excluded.