The Retail Sales report measures the degree of consumer spending, one of the most important indicators of a country’s overall economic health. Consumer spending constitutes 70 percent of GDP and is therefore one of the most market moving reports for the currency market.
USD - Business Inventories - Sep.
The total value of goods held in inventory by manufacturers, wholesalers, and retailers, compared to the previous month.
why we care
Inventories usually provide an early indicator of consumer/business spending. Consistently low inventories usually have a positive effect on the market, although this is varied.
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