Retail sales Y-on-Y in Colombia, December, 2019
For that indicator, National Department Administrative of Statistics (DANE) provides data for Colombia from January 2004 to December 2019. The average value for Colombia during that period was 5.9 percent with a minimum of -7.59 percent in September 2009 and a maximum of 23.37 percent in April 2011.
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* indicates monthly or quarterly data series
Source: National Department Administrative of Statistics (DANE)
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.