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.
Changes at the retail sales level are immediately being seen in the GDP and, more important, they are giving clues about the health level of consumer spending. Retails Sales show the change in total value of inflation adjusted sales at the retail level.
The most important things to take into consideration when looking at the Retail Sales indicator in Australia are the following:
- release date: monthly, about 35 days after month ends;
- release time: 01:30 GMT, during London trading session;
- first tier data;
- closely watched by traders;
- brings volatility;
- offers a glimpse into the consumer spending.