Belgium

Retail Sales

-5.41
percent change, year-over-year
Source: IMF

Global Ranking

62
Ireland-4.45
63
Macedonia-4.59
64
Germany-4.97
65
Norway-5.14
66
Croatia-5.29
67
Belgium-5.41
70
Sweden-6.3
71
Brunei-6.85
72
Belarus-7.8

Europe Ranking

29
Ireland-4.45
30
Macedonia-4.59
31
Germany-4.97
32
Norway-5.14
33
Croatia-5.29
34
Belgium-5.41
37
Sweden-6.3
38
Belarus-7.8
39
Denmark-9.09

News

Definition of Retail Sales

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

    Maxinomics LogoThe World's Economic Atlas

    TYPE TO BEGIN SEARCHING