Macao

Retail Sales

-31.99
percent change, year-over-year
Source: IMF

Global Ranking

70
Sweden-6.3
71
Brunei-6.85
72
Belarus-7.8
73
Denmark-9.09
74
Chile-12.31
75
Macao-31.99

Asia Ranking

10
China-0.5
11
Taiwan-0.67
13
Hong Kong-1.53
14
Brunei-6.85
15
Macao-31.99

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.

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