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Retail Sales YoY

Name: Retail Sales YoY
Creator: TipRanks

The 'Retail Sales YoY' in the USA measures the percentage change in retail sales compared to the same month in the previous year, reflecting consumer spending trends. It is a crucial economic indicator as consumer spending accounts for a significant portion of the US GDP, influencing economic growth. Strong retail sales growth can signal a robust economy, potentially leading to higher interest rates, while weak growth may indicate economic slowdown, impacting financial markets by affecting stock prices and investor sentiment.