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Retail Sales

Macro & the Fed

Retail sales is a monthly Census Bureau report on total sales at US retail and food service businesses.

It is closely watched because consumer spending is the largest part of the US economy. The figure is not adjusted for inflation, so rising sales during a period of rising prices may not mean more goods were sold. The "control group", which strips out volatile items such as autos, gasoline and building materials, is followed separately because it feeds more directly into GDP.

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