Retail sales Y-on-Y in Kazakhstan, October, 2019
For that indicator, Ministry of National Economy of the Republic of Kazakhstan provides data for Kazakhstan from 2012 to 2019. The average value for Kazakhstan during that period was 7.1 percent with a minimum of -9.3 percent in November 2015 and a maximum of 18 percent in June 2014.
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Source: Ministry of National Economy of the Republic of Kazakhstan
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.