According to the preliminary results, the turnover of retail trade in the Republic of Serbia in March 2023, compared to the same month last year, increased by 5.3% at current prices and decreased by 9.0% at constant prices.

Comparing the retail trade turnover in the first three months of 2023 with the same period 2022, it increased by 11.3% at current prices, and decreased by 4.1% at constant prices.

Retail trade turnover is obtained on the basis of regular monthly statistical survey “Monthly Survey of 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.