Montenegro: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is 10.88 percent as of October 2024, an increase compared to the previous value of 6.28 percent. Historically, the average for Montenegro from January 2001 to October 2024 is 8.27 percent. The minimum of -23.09 percent was recorded in September 2009, while the maximum of 48.69 percent was reached in July 2021.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Eurostat
| Recent values | Montenegro: Retail sales Y-on-Y |
|---|---|
| 2024 Oct | 10.88 |
| 2024 Sep | 6.28 |
| 2024 Aug | 7.08 |
| 2024 Jul | 8.08 |
| 2024 Jun | 4.44 |
| 2024 May | 5.15 |
| 2024 Apr | 9.33 |
| 2024 Mar | 4.7 |
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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 | -4.90 | 9/2024 | percent |
| Retail sales | 135.50 | 10/2024 | index points |
| Retail sales Y-on-Y | 10.88 | 10/2024 | percent |
| Business confidence survey | 12.44 | 11/2024 | points |
| Consumer confidence survey | 1.90 | 11/2024 | points |