Definition: Volume of sales
The volume of sales represents the value of turnover in constant prices and as such is a quantity index. It can be calculated as turnover at current prices, deflated by the deflator of sales, or as a quantity index derived directly from the quantity of goods sold.
The information on the volume of sales (variable 123) can be used instead of the deflator of sales (variable 330) in Annex C: Retail trade and repair of Regulation (EC) No 1165/98.
European Union, Commission Regulation (EC) No 1503/2006 of 28 September 2006 implementing and amending Council Regulation (EC) No 1165/98 concerning short-term statistics as regards definitions of variables, list of variables and frequency of data compilation