Belgium - Real Retail Sales

Belgium: Real Retail Sales

Mnemonic	WRT$.IBEL
Unit	Vol. Index 2021=100, NSA
Adjustments	Not Seasonally Adjusted
	Monthly	9.69 %
Data	Feb 2024	76.07
	Jan 2024	84.23

Series Information

Source	Statistics Belgium
Release	Retail trade turnover
Frequency	Monthly
Start Date	1/31/1997
End Date	2/29/2024

Belgium: Consumer

	Reference	Last	Previous	Units	Frequency
Consumer Confidence	Mar 2024	-34	-31	Balance of Opinion, SA	Monthly
Real Retail Sales	Feb 2024	76.07	84.23	Vol. Index 2021=100, NSA	Monthly
Retail Sales	Feb 2024	93.39	103.71	Index 2021=100, NSA	Monthly

Release Information

Description

For Belgium, retail trade, broken out to food, textile, clothing and footwear, household equipment, and various products. Data are presented in both value and volume terms as well as a deflator. The data are not seasonally adusted however, Moody's Analytics provides a seasonally adjusted value and volume series for total. Monthly from 1998.

Properties

Active:

Classification: NACE Rev. 2
Measurements:
- Fixed-base volume index relative to 2021 (Vol. Index 2021=100)
- Value index (Index 2021=100)
Adjustments:
- Working day adjusted and seasonally adjusted (WDASA)
- Working day adjusted (WDA)
- Not seasonally adjusted (NSA)
Native frequency: Monthly
Start dates:
- 1998m1 for total value index
- Otherwise 2006m1

Predecessors:

2015=100 - 1990m1 to 2023m12 ("_15")
2015=100 with prior method - 1990, 1997, 1998 or 2006 to 2012 ("_15","_20")
2010=100 - 1990, 1997 or 1998 to 2017 ("_10")
1995=100 - 1990 or 1997 to 2013 ("_95")

Methodology

It is the objective of the turnover index to show the development of the market for goods and services.

Turnover comprises the totals invoiced by the observation unit during the reference period, and this corresponds to market sales of goods or services supplied to third parties. Turnover also includes all other charges (transport, packaging, etc.) passed on to the customer, even if these charges are listed separately in the invoice.

Turnover excludes VAT and other similar deductible taxes directly linked to turnover as well as all duties and taxes on the goods or services invoiced by the unit.

The volume of sales represents the value of turnover in constant prices and as such is a quantity index. It is normally calculated as turnover at current prices, deflated by the deflator of sales.

Moody's Analytics supplements

We back-extend the general index (47), value and volume, NSA and WDASA. We also back-extend branches 474, 476 and 477, value and volume, NSA.

Until 2021, we computed seasonally adjusted counterparts for the general index, value and volume; afterward, we were able to republish them verbatim.