USD Advance Retail Sales (M/M)
The Retail Sales measures the total receipts of retail stores and is provided by the US Census Bureau and appears as the annualize percentage change from the previous month. It can be seen as an important indicator because suggests the sentiment of consumer spending. Consumer spending is tightly linked with the general health of the economy. Due to seasonality it is not unusual for the figure to be positive one month and subsequently revised as negative, next month. In spite of the aforementioned drawbacks, the figure still moves market on release, primarily due to the importance of consumer spending to the US economy.