New data Redbook YoY (Sep/28)
10/1/2024
actual 5.3, previous 4.4
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 event is specifically referring to the Redbook YoY data for September 28th.The actual value reported for this event is 5.3%, which indicates that retail sales have increased by 5.3% compared to the same period last year. This represents a positive change of 0.9% from the previous value of 4.4%.
The impact of this event is considered to be low, meaning that it may have a minimal effect on the market. The data is from the United States and is reported in US dollars (USD).
Overall, the increase in retail sales as indicated by the Redbook YoY data suggests a positive trend in consumer spending, which can be a sign of economic growth.
This is not investment advice. Remember to verify the information provided here.
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