8:30am (NY Time) US Core Retail Sales Forecast 0.2% Previous 0.3%
(Retail Sales Core)
Derivative of Retail Sales that excludes the Automobile Sales component. Automobile Sales make up roughly 25% of Retail Sales, but they can be very volatile from month to month and can distort the picture. Retail Sales with the exclusion of this volatile component is thought to be a better indicator of the underlying trend in consumer spending.
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