Retail Sales ex Autos (MoM)

The Retail Sales ex Autos data, released by the US Census Bureau on a monthly basis, measures the value in total receipts of retail and food stores in the United States excluding the key sector of motor vehicles and parts. A stratified random sampling method is used to select approximately 4,800 retail and food services firms whose sales are then weighted and benchmarked to represent the complete universe of over three million retail and food services firms across the country. The data is adjusted for seasonal variations as well as holiday and trading-day differences, but not for price changes. Retail sales data is widely followed as an indicator of consumer spending, which is a major driver of the US economy. Generally, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish.