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Retail Sales Index Development
This article gives a brief overview of the Retail Sales Index and describes the development and investigatory work currently underway for the RSI.
As explained in an article 'Interpreting Retail Sales Data' in April Economic Trends, the Retail Sales Index (RSI) is currently being rebased onto 2000=100. The Retail Sales Inquiry is also subject to a triennial review.
This article gives a brief overview of the RSI and describes the development and investigatory work currently underway for the RSI. The areas under investigation are: rebasing; review of survey methods; index construction; calendar and seasonal adjustment. Each of the topics under investigation is explained in turn. The final section sets out next steps for the development work.
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