Retail Sales - Ex. Auto m/m

Indicator History

History of Event Dates
Event Date Time For
Period		 Currency Actual Forecast
What is this indicator?

Retail Sales - Ex. Auto m/m is an economic indicator that measures the monthly percentage change in the total value of retail sales, excluding the sales of automobiles and other motor vehicles.


Why is it important?

This indicator is important because it provides insights into consumer spending habits, which is a significant driver of economic growth. Consumer spending accounts for a significant portion of a country's gross domestic product (GDP), and thus, changes in retail sales can indicate changes in overall economic growth. Excluding automobile sales from retail sales data helps to provide a clearer picture of consumer spending trends because automobile sales can be highly volatile and depend on factors like consumer confidence, interest rates, and changes in government policies such as tax incentives and subsidies. By analyzing Retail Sales - Ex. Auto m/m data, businesses, investors, and policymakers can gain insights into consumer spending patterns, which can inform decisions about production, investment, and monetary policy. The indicator can also provide insights into the performance of specific industries and sectors, such as retail, manufacturing, and consumer goods.

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