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 24.3% from 217.1 in the 2nd quarter 2021 to 269.9 in the 3rd quarter 2021. This increase was largely attributable to increases observed in Motor Vehicles and Parts of 153.0% , Household Appliances, Furniture and other Furnishings of 129.2% and Construction Materials and Hardware 44.2%.
When a year on year analysis is undertaken, the All Sections Index in the 3rd quarter 2021 decreased by 13.0% from 310.2 in 3rd quarter 2020, owing mainly to decreases in Household Appliances, Furniture and other Furnishings of 63.5% and Dry Goods Stores of 14.0%.
The volume of retail sales in the 3rd quarter 2021 also increased by 23.0%.
(March 25, 2022)
Retail Sales Tables
Retail Sales Index (All Sections)
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