RSI index increases sharply in Azerbaijan

RSI index increases sharply in Azerbaijan
# 19 June 2012 09:00 (UTC +04:00)
Baku. Vahab Rzayev – APA-ECONOMICS. Retail Sales Index (RSI) was 120.1% in May, 2012, up 31.4 percentage points compared to April.

According to State Statistical Committee, the RSI is calculated as a comparison between the sales value and previous month’s indexes. The Retail Sales Index was AZN 1,462.3 mln in May, AZN 1,217.4 mln in April.

This growth is associated with technical factor, that’s decrease of trade turnover in April compared with March. So, 11.3%-decrease was observed in April.

Note that, retail trade rose 9.4% in January-May, 2012, year-on-year. This index was 9.3% in January-April.
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THE OPERATION IS BEING PERFORMED