|Unit||Index 2015=100, NSA|
|Adjustments||Not Seasonally Adjusted|
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.
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.