Retail sales index in South Korea, September, 2019
For that indicator, Economic Statistics System of South Korea provides data for South Korea from 1995 to Q3 2019. The average value for South Korea during that period was 78.28 index points with a minimum of 42.1 index points in February 1995 and a maximum of 116.6 index points in May 2019.
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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.