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Retail Sales MoM

Name: Retail Sales MoM
Creator: TipRanks

The 'Retail Sales MoM' in Portugal measures the monthly percentage change in the total value of retail sales, reflecting consumer spending trends. This indicator is significant as it provides insights into consumer confidence and economic health, influencing monetary policy decisions and investor sentiment. A positive change suggests economic growth, while a decline may indicate economic slowdown, impacting financial markets and currency valuation. In Portugal, retail sales data is closely watched as consumer spending is a major component of GDP.