Retail sales
Retail sales
This indicator demonstrates the volume of retail sales and is usually divided into two parts: cars and all other goods. The thing is that car sales volume is very changeable and has less correlation with global economic processes than summarized sales of other goods. Besides that, it is worth considering seasonal demand intensifications (school year, Christmas, New Year and other holydays).
This factor works simply: the higher the level of Retail Sales the more developed the economy of a country is, thereby you can expect a rise in the exchange rate of the national currency rate. This index has a moderate influence on the market being a factor for middle and long-term predictions. The trading signal is 0,5%.
Index data is published in the middle of every month at 08:30 EST (New York).
