Retail sales Y-on-Y
| Latest value
||Economic Statistics System of South Korea
For that indicator, we provide data for South Korea from January 1996 to December 2022. The average value for South Korea during that period was 3.68 percent with a minimum of -21.53 percent in July 1998 and a maximum of 20.19 percent in May 2000.
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Longer historical series
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Source: Economic Statistics System of South Korea
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.