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Business Sales m/m refers to the percentage change in the amount of sales generated by businesses from one month to the next.
The Business Sales m/m figure is important for several reasons. Firstly, it provides insight into the level of demand for goods and services in the economy. If sales are growing at a faster rate than inventories, it suggests that businesses are struggling to keep up with demand, which could be a sign of strong economic growth. Conversely, if inventories are growing at a faster rate than sales, it suggests that demand is weak, and businesses may need to cut back on production. Secondly, the Business Sales m/m figure can provide valuable information on the health of specific industries or sectors. If sales are growing rapidly in a particular industry, it could indicate that there is strong demand for the goods or services produced by businesses in that industry. Conversely, if sales are declining in a particular industry, it could suggest that demand is weak, and businesses may need to reduce production.
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