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Redbook YoY

The Redbook YoY (Year-over-Year) is an economic indicator in the USA that measures the annual sales growth of major retail chains. It is important because it provides insights into consumer spending trends, which are a significant component of the country's economic activity. A strong Redbook YoY figure can signal robust consumer demand, potentially influencing monetary policy decisions and impacting financial markets by affecting investor sentiment and stock prices in the retail sector.