Year-on-year

The term 'year-on-year' refers to the comparison of a performance metric or statistic with the same period from the previous year. This approach is commonly used in finance and economics to assess growth or decline in various sectors, such as sales, revenue, or other key performance indicators (KPIs). It allows businesses and analysts to better understand trends over time, filter out seasonal variations, and provide a more accurate picture of long-term performance.

Year-on-year meaning with examples

• In analyzing the company's quarterly earnings, we noted a year-on-year increase of 15%, indicating consistent growth in revenue and profitability. This trend has encouraged investors to maintain confidence in the company's long-term prospects and has sparked discussions about potential expansions in the coming years.
• The national unemployment rate showed a significant year-on-year decline, dropping from 7% to 5% over the last twelve months. This positive development suggests that the economy is recovering well, boosting consumer confidence and contributing to increased spending.
• During the annual report presentation, the CEO highlighted a year-on-year rise in customer satisfaction scores, which improved from 78% to 85%. This improvement demonstrates the effectiveness of recent customer service initiatives, revealing that the company's dedication to enhancement is paying off.
• The real estate market experienced a year-on-year surge in property values, with prices climbing by 20% compared to the previous year. This trend presents challenges for first-time buyers, but it also signifies a robust demand in the housing sector that could last.
• Analyzing the retail industry's performance, statistics showed a year-on-year growth in online sales, where e-commerce revenues increased by 30%. This shift reflects consumer behavior changes, emphasizing the importance of digital channels in contemporary shopping.