New data Redbook YoY (Dec/21)
12/24/2024
actual 5.9, previous 4.8
The Redbook YoY (Year-over-Year) is an economic indicator that measures the change in retail sales from the same period in the previous year. In this case, the Redbook YoY for December 2021 is being reported with an actual value of 5.9%. This indicates a 1.1% increase from the previous value of 4.8%.The impact of this event is considered low, meaning it may have minimal immediate effect on the market. However, it provides valuable insight into consumer spending trends and can be used to gauge the overall health of the retail sector in the US.
Overall, a higher Redbook YoY value suggests an increase in retail sales, which can be a positive sign for the economy. Conversely, a lower value may indicate a slowdown in consumer spending.
This is not investment advice. Remember to verify the information provided here.
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