The indicator of the level of retail demand in the United Kingdom The higher the level of retail sales, the higher the level of demand for goods and the greater the likelihood that prices will rise as a result
A commercial use Retail sales refers to merchandise for personal or household consumption, and rendering of services incidental to the sales of goods Retail uses usually engage activities to attract the general public to buy Merchandise may be bought as well as sold, and may be processed so long as such processing is incidental or subordinate to selling
Key components of retail sales include automobiles, building materials, furniture, department store sales, food stores, gasoline, clothing, restaurants and drugstores High retail sales are an indication of economic growth and an expanding economy Bond Market Moves Down In Price
Retail sales are an indication of consumer spending and demand They are broken down into cars and everything else as sales of cars tend to be very volatile The figure, excluding cars, is made up of chain-store, department store and supermarket sales
A monthly survey by the Commerce Department that measures the sales of durable and nondurable goods sold to consumers (A durable good is a product that is expected to last more than three years ) The changes in retail sales are seen as the most timely indicator of broad consumer spending patterns Bond holders favor a decline in retail sales because such weakness signals a slowing economy A strong economy brings fears of inflation, which hurts bond prices BACK TO TOP
Measures the total receipts of retail stores Monthly percent changes reflect the rate of changes of such sales Changes in Retail Sales are widely followed as an indicator of consumer spending Frequency: monthly Source: Commerce Department