Retail sales Y-on-Y in Macedonia, February, 2020
For that indicator, State Statistical Office of the Republic of Macedonia provides data for Macedonia from January 2011 to February 2020. The average value for Macedonia during that period was 1.67 percent with a minimum of -15.05 percent in January 2014 and a maximum of 13.81 percent in December 2011.
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Source: State Statistical Office of the Republic of Macedonia
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.