Bank Of Baku

RSI index increases in Azerbaijan

RSI index increases in Azerbaijan
# 24 January 2014 08:48 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Retail Sales Index (RSI) made 152.6% in December, 2013, up 62.2 percentage points compared to November.

 

RSI is calculated as a comparison between the sales value and previous month’s indexes. Total retail turnover made AZN 2,431.0 mln in December and AZN 1,593.5 mln in November.

 

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

 

Note that, in 2013, the volume of retail trade rose 9.9% to AZN 19.656 bln.

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