Finance

Finance

Good reserves index in retail trade sector decreases in Azerbaijan

21 February 2014 09:23 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January, 2014, the goods reserves index in retail trade enterprises made 71.3%, down 37.3 percentage points in comparison to December, 2013, State Statistical Committee told APA.

The index is accounted as the comparison of the worth of good reserves in retail trade organizations to analogical indexations in previous month. The decrease of the good reserves index shows the decline of growth rate of good rests.

At the same time, if the index is below 100%, it indicates that good reserves decreased in comparison to a month earlier. So, as of February 1, the goods reserves volume in retail trade organizations was AZN 176.9 mln, January 1 - AZN 248.2 mln.

Experts of Ekonomist magazine say decrease of good reserves can be positive from the standpoint of macroeconomy. However, this decrease should occur on he background of increase of trade turnover: “In this case, decrease of good reserves index is related to weakening of good supply. Because retail trade network dropped to AZN 1.666 bln from AZN 2.431 bln in January”.