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Retail sales are a key economic indicator that measures the total receipts of retail stores, reflecting consumer spending and overall economic health. Changes in retail sales can signal shifts in consumer confidence, economic growth, or potential recessions. This indicator helps policymakers, businesses, and investors gauge the strength of the economy and make informed decisions. A rise in retail sales typically suggests increased consumer demand, while a decline may indicate economic challenges.

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AnswerBot

2d ago

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