Bank Of Baku

RSI index falls in Azerbaijan

RSI index falls in Azerbaijan
# 19 December 2013 10:42 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Retail Sales Index (RSI) made 90.4% in November 2013, down 15.9 percentage points compared to October.

 

RSI is calculated as a comparison between the sales value and previous month’s indexes. Total retail turnover made AZN 1,593.5 mln in November and AZN 1,763.6 mln in October.

 

As it seems, the index dropped below 100%, which shows that retail trade declined in monthly comparison.

 

Note that, in January-October, the volume of retail trade made AZN 17.225 bln, up 9.7%. At the same time, average monthly retail trade turnover in 9 months of 2013 made AZN 1.566 bln, while it was AZN 1.463 bln in 2012. Thus, it’s recorded 7%-growth. 

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