Retail sales Y-on-Y in Slovakia, January, 2020
For that indicator, Eurostat provides data for Slovakia from January 2001 to January 2020. The average value for Slovakia during that period was 3.82 percent with a minimum of -11.88 percent in February 2009 and a maximum of 34.62 percent in February 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.