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Economics vocabulary · Economic News and Data

Month-on-month

Meaning in economics, with examples

adjectiveCommon term

In economics, month-on-month means: Compared with the previous month; used to describe how a figure such as prices or sales changed from one month to the next.

In Turkish: aylık, bir önceki aya göre

How it is used

Shortened to m/m or MoM in data tables. It shows the latest momentum, while year-on-year compares with the same month a year earlier. GDP is usually compared quarter-on-quarter (q/q). It can also work as an adverb: prices rose 1.2% month-on-month.

Example sentences

  1. Consumer prices rose 1.2% month-on-month and 9% year-on-year.

  2. Retail sales were flat on a month-on-month basis.

Common collocations

  • month-on-month increase
  • on a month-on-month basis
  • m/m
  • quarter-on-quarter
  • year-on-yearCompared with the same period one year earlier, for example sales in March this year compared with sales in March last year.
  • seasonally adjustedChanged by statistical methods to remove regular seasonal effects, such as holiday shopping or summer tourism, so that the underlying trend is easier to see.
  • consumer price indexA measure of the average change over time in the prices that households pay for a fixed basket of goods and services, used to calculate inflation.
  • base effectThe effect on a year-on-year rate caused by an unusually high or low figure in the same month of the previous year, rather than by current changes.

More terms: Economic News and Data

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