According to the preliminary results, the turnover of retail trade in the Republic of Serbia in May 2020, compared to May 2019, increased by 1.9% at current prices and by 4.7% at constant prices.

Comparing the first five months of 2020 with the same period 2019, retail trade turnover increased by 2.5% at current prices, and by 2.7% 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 (real indices) have been obtained by deflating the indices at current prices (nominal indices) by the corresponding consumer price indices, 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.