Macedonia

Retail Sales

-4.59
percent change, year-over-year
Source: IMF

Global Ranking

58
Austria-3.85
59
Moldova-4.2
59
Slovakia-4.2
62
Ireland-4.45
63
Macedonia-4.59
64
Germany-4.97
65
Norway-5.14
66
Croatia-5.29
67
Belgium-5.41

Europe Ranking

25
Austria-3.85
26
Moldova-4.2
26
Slovakia-4.2
29
Ireland-4.45
30
Macedonia-4.59
31
Germany-4.97
32
Norway-5.14
33
Croatia-5.29
34
Belgium-5.41

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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