South Korea: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is -0.59 percent as of September 2024, an increase compared to the previous value of -1.16 percent. Historically, the average for South Korea from January 1996 to September 2024 is 3.28 percent. The minimum of -17.32 percent was recorded in July 1998, while the maximum of 18.08 percent was reached in May 2000.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Economic Statistics System of South Korea
| Recent values | South Korea: Retail sales Y-on-Y |
|---|---|
| 2024 Sep | -0.59 |
| 2024 Aug | -1.16 |
| 2024 Jul | -2.33 |
| 2024 Jun | -3.48 |
| 2024 May | -2.78 |
| 2024 Apr | -2.12 |
| 2024 Mar | -3.03 |
| 2024 Feb | -5.59 |
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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 | 6.30 | 10/2024 | percent |
| Retail sales | 101.80 | 9/2024 | index points |
| Retail sales Y-on-Y | -0.59 | 9/2024 | 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 | -31.00 | 11/2024 | points |
| Consumer confidence survey | 1.00 | 11/2024 | points |