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Definition of 'Redbook'

The Redbook is a weekly report of sales at chain stores, discounters, and department stores. The ICSC-Goldman Store Sales is considered to be better indicator of retail sales. The Redbook covers about 10% of total retail sales.

Even though this report is not as good as the ICSC it is still carefully watched because consumer spending is 70% of the US economy and this has an enormous impact on both the bond and stock markets.

Check the Economic Events Calendar to see if this or other announcements are taking place in the next 5 days.

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