New data Redbook YoY (Feb/01)
2/4/2025
actual 5.7, previous 4.9
The Redbook YoY (Year-over-Year) is an economic indicator that measures the change in retail sales from the same period a year ago. In this case, the event is specifically for the first week of February.The actual value reported for this event is 5.7%, which indicates that retail sales have increased by 5.7% compared to the same period last year. This represents a positive change of 0.8% from the previous value of 4.9%.
The impact of this event is considered low, meaning that it may have a minimal immediate effect on the market. However, it still provides valuable insight into consumer spending trends and overall economic activity in the United States.
Overall, a higher Redbook YoY value suggests increased consumer confidence and spending, which can be positive for the economy and potentially influence market sentiment.
This is not investment advice. Remember to verify the information provided here.
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