| Indicator | Value |
|---|---|
| Forecast | 0.6% |
| Previous | 0.7% |
The retail sales m/m report measures changes in the sales of goods and services by retailers. It is a key indicator of economic health, as consumer spending constitutes a large part of GDP. An increase in retail sales may suggest rising purchasing power among consumers.
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Further Reading
- Global Economic Prospects — World Bank
- Foreign Exchange Market — Bank for International Settlements