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RSI index falls in Azerbaijan

RSI index falls in Azerbaijan

19 November 2013 09:27 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Retail Sales Index (RSI) made 106.3% in October 2013, down 0.3 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 1,763.6 mln in October and AZN 1,659.8 mln in September.

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 9.7% to AZN 15.631 bln. At teh same time, average monthly index of retail trade in 10 months of 2013 made AZN 1.563 bln, up 6.8% from prewvious year (AZN 1.463 bln).

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