The 'Retail Sales Control Group MoM' in the USA measures the monthly change in retail sales, excluding autos, gasoline, building materials, and food services. It is a key indicator of consumer spending, which accounts for a significant portion of the US GDP, and provides insights into the underlying strength of the economy. This metric is closely watched by financial markets as it can influence monetary policy decisions and impact stock and bond prices. A stronger-than-expected reading may signal economic growth, while a weaker figure could indicate a slowdown.
The 'Retail Sales Control Group MoM' in the USA measures the monthly change in retail sales, excluding autos, gasoline, building materials, and food services. It is a key indicator of consumer spending, which accounts for a significant portion of the US GDP, and provides insights into the underly...