Retail sales Y-on-Y in North Macedonia, January 2011 - May 2021
For that indicator, we provide data for North Macedonia from January 2011 to May 2021. The average value for North Macedonia during that period was 1.18 percent with a minimum of -20.92 percent in April 2020 and a maximum of 22.46 percent in April 2021.
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Longer historical series
* indicates monthly or quarterly data series
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.