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Major Agenda Tue, Nov 17 ET 8:30 AM pre-market 1 min read
Retail sales add up dollar receipts at retailers and food-service businesses, providing a direct view of household spending, though not all spending on services. The previous monthly increase was 0.8%; no estimate is supplied for October. This tests whether income is still translating into purchases, but higher receipts can partly reflect higher prices rather than more goods bought.[1]
Last release 0.8%
Look for strength across categories, then use price changes to judge whether customers actually bought more. Broad gains would support retailers, restaurants and suppliers, but could pressure homebuilders and indebted companies if they weaken the case for lower rates. Broad weakness would hurt consumer stocks while potentially easing financing pressure. Company reports on traffic, volumes and margins can show whether sales dollars became profit.[1]