Retail sales Y-on-Y in Montenegro, February, 2020
For that indicator, Eurostat provides data for Montenegro from January 2001 to February 2020. The average value for Montenegro during that period was 7.69 percent with a minimum of -22.59 percent in January 2006 and a maximum of 49.63 percent in September 2008.
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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.