South Korea: Retail sales
* indicates monthly or quarterly data series
The most recent value is 102.2 index points as of August 2024, an increase compared to the previous value of 100.5 index points. Historically, the average for South Korea from January 1995 to August 2024 is 75.59 index points. The minimum of 40.7 index points was recorded in May 1995, while the maximum of 108.5 index points was reached in October 2021.
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* indicates monthly or quarterly data series
- Measure: index points
- Source: Economic Statistics System of South Korea
| Recent values | South Korea: Retail sales index |
|---|---|
| 2024 Aug | 102.2 |
| 2024 Jul | 100.5 |
| 2024 Jun | 102.5 |
| 2024 May | 101.6 |
| 2024 Apr | 101.8 |
| 2024 Mar | 102.4 |
| 2024 Feb | 101.3 |
| 2024 Jan | 104.6 |
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Definition: The retail sales index 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. The retail sales index measures only the volume changes, i.e. price level changes are excluded.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | 3.80 | 8/2024 | percent |
| Retail sales | 102.20 | 8/2024 | index points |
| Retail sales Y-on-Y | -1.16 | 8/2024 | percent |
| House price index | 142.24 | Q2/2024 | index points |
| Real residential property prices Y-on-Y change | -3.53 | Q2/2024 | percent |
| Business confidence survey | -30.00 | 9/2024 | points |
| Consumer confidence survey | 0.00 | 9/2024 | points |
| Purchasing Managers Index (PMI), manufacturing | 48.30 | 9/2024 | index points |