North Macedonia: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is -0.98 percent as of June 2024, a decline compared to the previous value of 1 percent. Historically, the average for North Macedonia from January 2011 to June 2024 is 2.19 percent. The minimum of -21.08 percent was recorded in April 2020, while the maximum of 22.97 percent was reached in April 2021.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Eurostat
| Recent values | North Macedonia: Retail sales Y-on-Y |
|---|---|
| 2024 Jun | -0.98 |
| 2024 May | 1 |
| 2024 Apr | 3.78 |
| 2024 Mar | -0.4 |
| 2024 Feb | 4.65 |
| 2024 Jan | -2.99 |
| 2023 Dec | -4.47 |
| 2023 Nov | 2.38 |
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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.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | 4.50 | 9/2023 | percent |
| Retail sales | 98.30 | 9/2023 | index points |
| Retail sales Y-on-Y | -1.70 | 9/2023 | percent |
| House price index | 142.55 | Q3/2023 | index points |
| Real residential property prices Y-on-Y change | 3.08 | Q3/2023 | percent |
| Business confidence survey | 2.43 | 9/2023 | points |
| Consumer confidence survey | -24.00 | 9/2023 | points |