Retail Sales indicator is one indicator that is used in analyzing any economy in the world, as the level of sales on the retail side indicate the consumer spending activity and this is the very important growth engine of an economy.
In Europe Retail Sales are released by Eurostat and show the change in total value of inflation adjusted sales at the retail level. It is a first tier economic data and looking at our six months worth of data we are seeing a strong pick up in the level of retail sales for the month of July, after three consecutive months in which the release came out on the negative side.
The most important things to take into consideration when looking at the Retail Sales indicator are the following:
- release date: monthly, about 35 days after month ends;
- release time: 09:00 GMT, during London trading session;
- first tier data;
- closely watched by traders.