Retail sales Y-on-Y in Israel, January, 2020
For that indicator, Israel Central Bureau of Statistics provides data for Israel from January 1996 to January 2020. The average value for Israel during that period was 4.27 percent with a minimum of -15.12 percent in March 2003 and a maximum of 22.12 percent in April 2008.
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* indicates monthly or quarterly data series
Source: Israel Central Bureau of Statistics
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.