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Home » Forex Glossary » Advance Retail Sales - United States

Advance Retail Sales - United States

A monthly measure of retailers sales of goods to consumers in the United States. Essentially retail sales are determined by accumulating all sale receipts, in nominal dollars, from select retailers throughout the month with the exception of certain transactions such as taxes, sale returns and other financial changes. Advanced Retail Sales are important in determining consumer demand on a monthly basis as opposed to the GDP which is usually released annually. Because consumer spending makes up nearly a third of all economic activity in the US, Advanced Retail Sales are an essential measure to understand the progress and volatility of consumer activity in the retail market.