The Index of Retail Sales is a quarterly measure of the value of goods sold by retailers based on a sampling of retail stores of different types and sizes. It is an important indicator of movements in retail trade and is computed using the total receipts of a sample of retail establishments. It is therefore, essentially a value index. The series may be used, within limitations, to estimate the quarterly consumer expenditure and, when deflated by the Retail Price Index, can be a useful tool to monitor the volume of retail sales.
UNIT OF ANALYSIS
TYPE OF RETAILER
|Dry Goods Stores|
|Supermarkets and Groceries|
|Construction and Hardware|
|Household Appliances, Etc.|
|Textiles and Wearing Apparel|
|Motor Vehicles and Parts|
|Petrol Filling Stations|
|Pharmaceuticals and Cosmetics|
|Books and Stationery|
FREQUENCY OF DATA COLLECTION
The All Sections Index of Retail Sales increased by 18.3% from 307.7 in the 3rd quarter 2022 to 363.9 in the 4th quarter 2022. This increase was largely attributable to increases observed in Household Appliances, Furniture and other Furnishings 75.8% and Textiles and Wearing Apparel 47.6%.
When a year on year analysis is undertaken, the All Sections Index in the 4th Quarter 2022 increased by 9.5% from 332.5 in 4th quarter 2021. Owing mainly to increases in Petrol Filling Stations 43.3% and Textiles and Wearing Apparel 18.5%.
The volume of retail sales in the 4th Quarter 2022 also increased by 15.4%.
(May 11, 2023)
Retail Sales Tables
Retail Sales Index (All Sections)
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