According to the preliminary results, the turnover of retail trade in the Republic of Serbia in November 2019, compared to November 2018, increased by 12% at current and by 11.2% at constant prices.

Comparing the first eleven months of 2019 with the same period 2018, retail trade turnover increased by 10.8% at current prices, and by 9.1% at constant prices.

Retail trade turnover (division 47 of CA) is obtained from monthly statistical survey “Monthly report on retail trade”, based on the sample and on VAT reports received from Tax administration.

The turnover indices at constant prices are obtained by deflating the indices at current prices by the corresponding indices of consumer prices, excluding: water (from public utility systems), electricity and motor vehicles, motorcycles and parts.

All published indices ought to be regarded as preliminary, meaning that certain corrections can appear on the basis of the estimated results, obtained from the regular statistical surveys that are conducted on the increased number of sample units.