Retail Sales
This Week | Month Ago | Year Ago | |
---|---|---|---|
Retail Sales | 710773 | 709668 | 697557 |
What it means: Released monthly by the Department of Commerce, the retail sales figure (in millions) measures total sales of retail and food services nationwide.
How it's used: Retail sales are an excellent barometer for consumer spending, which fuels two-thirds of economic output. Any drop-off in retail sales indicates that consumers are reducing their level of spending and that harder economic times are likely.
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