Retail sales index in South Korea, August, 2020
For that indicator, we provide data for South Korea from January 1995 to August 2020. The average value for South Korea during that period was 79.53 index points with a minimum of 42.1 index points in February 1995 and a maximum of 121.6 index points in December 2019.
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* indicates monthly or quarterly data series
Measure: index points
Source: Economic Statistics System of South Korea
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.