Bank Of Baku

RSI index sharply rises in Azerbaijan

RSI index sharply rises in Azerbaijan
# 16 March 2012 07:31 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Retail Sales Index (RSI) was 102.4% in February, 2012, up 34.1 percentage points compared to January.

RSI is calculated as a comparison between the sales value and previous month’s indexes. Total retail turnover during February, 2012, made AZN 1,393.1 mln, and AZN 1,360.3 mln in January.

Sharp rise of RSI in February is connected with technical factors.
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