Bank Of Baku

RSI index sharply decreases in Azerbaijan

RSI index sharply decreases in Azerbaijan
# 18 February 2014 14:30 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Retail Sales Index (RSI) made 68.5% in January, 2014, down 84.1 percentage points compared to December.

 

RSI is calculated as a comparison between the sales value and previous month’s indexes. Total retail turnover made AZN 1,665.9 mln in January and AZN 2,431.0 mln in December.

 

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

 

 

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