Bank Of Baku

RSI index falls in Azerbaijan

RSI index falls in Azerbaijan
# 19 December 2012 08:33 (UTC +04:00)

 

Baku. Vahab Rzayev – APA-Economics. Retail Sales Index (RSI) made 92.8% in November 2012, down 11.9 percentage points compared to September.

 

RSI is calculated as a comparison between the sales value and previous month’s indexes. Total retail turnover made AZN 1,442.1 mln in November and AZN 1,554.0 mln in October.

 

As it seems, though the index dropped, it is still above 100%, which shows that retail trade soared in monthly comparison.

 

Note that, in January-October, the volume of retail trade rose 9.4%.

 

 

 

 

 

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