What is it? It check the change in the total value of sales at the retail level, excluding automobiles.
Automobile sales account for about 20% of Retail Sales, but they tend to be very volatile and distort the underlying trend. The Core data is therefore thought to be a better gauge of spending trends.
Usual Effect: If the number is higher than the forecast, you can expect the CAD to rise.
When? October 22nd at 8:30am Eastern Time.
Trading Tip: This announcement can greatly affect the CAD, make sure to make your trades before.
Talk to us to get get FREE signals and start earning now:
Other top stories:
Coca Cola are Going to Drop Prices
MPC Asset Purchase Faciliy Votes
Follow us and SHARE this story on Facebook/Twitter: