Retail sales Y-on-Y in Russia, August, 2020
For that indicator, we provide data for Russia from January 1995 to August 2020. The average value for Russia during that period was 4.15 percent with a minimum of -22.6 percent in April 2020 and a maximum of 18.8 percent in February 2008.
Click on the following link to see the values of Retail sales Y-on-Y
around the world.
* indicates monthly or quarterly data series
Source: Federal State Statistics Service of Russia
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.