Retail Sales m/m

Indicator History

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

Retail Sales m/m is an economic indicator that measures the percentage change in the total value of retail sales from one month to the next. This indicator is important because it provides insights into the level of consumer spending, which is a significant driver of economic growth.


Why is it important?

Consumer spending accounts for a large portion of a country's gross domestic product (GDP), and thus, changes in retail sales can indicate changes in overall economic growth. Retail Sales m/m can help to provide a real-time snapshot of consumer spending trends and can signal changes in consumer confidence and sentiment. By analyzing Retail Sales 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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