Serbia: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is 5.4 percent as of July 2024, a decline compared to the previous value of 8.54 percent. Historically, the average for Serbia from January 2001 to July 2024 is 6.32 percent. The minimum of -22.03 percent was recorded in June 2011, while the maximum of 67.4 percent was reached in November 2001.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Eurostat
| Recent values | Serbia: Retail sales Y-on-Y |
|---|---|
| 2024 Jul | 5.4 |
| 2024 Jun | 8.54 |
| 2024 May | 6.71 |
| 2024 Apr | 9.73 |
| 2024 Mar | 8.9 |
| 2024 Feb | 6.58 |
| 2024 Jan | 4.18 |
| 2023 Dec | 4.87 |
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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 | 4.00 | 9/2023 | percent |
| Retail sales | 104.70 | 9/2023 | index points |
| Retail sales Y-on-Y | -0.29 | 9/2023 | percent |
| House price index | 204.38 | Q3/2023 | index points |
| Real residential property prices Y-on-Y change | -2.83 | Q3/2023 | percent |
| Business confidence survey | 1.84 | 9/2023 | points |
| Consumer confidence survey | -3.70 | 9/2023 | points |