In This Chapter
Why retail sales are an important economic indicator
The key components for retail sales
Where motor vehicle sales fit in
The early indicators for retail sales
Have you shopped at the mall lately? This may seem like an odd question, but consumer spending at key hangouts tells us how retail sales are doing. The consumer (that’s you!) is a big part of the economy. So when people stop shopping at places like Macy’s or Target, that affects the economy because it indicates a decrease in spending.
GDP may be the ultimate “big picture” of economic indicators, but retail sales give us a really good look at the health of the consumer spending sector. At mid-month, the Commerce Department releases ...