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Retail Sales ex Fuel YoY

Name: Retail Sales ex Fuel YoY
Creator: TipRanks

The 'Retail Sales ex Fuel YoY' in the UK measures the year-over-year change in the total value of retail sales, excluding fuel. This indicator is significant as it provides insights into consumer spending patterns, a key driver of economic growth. Strong retail sales can indicate a healthy economy, boosting investor confidence and potentially leading to stock market gains, while weak sales may signal economic slowdown. It is closely watched by policymakers and investors to gauge the economic outlook and consumer sentiment.