Redbook Index is an economic Index which measures the sales-weighted year-over-year sales growth of large general retailers. It is a weekly release by the Redbook Research Inc., a publisher of statistics and analysis about the US retail market. The sample used to calculate the Index is very large, about 9,000 stores and is very representative about trends in consumer spending and the growth of retail sales. Higher than expected readings are positive for the US Dollar, showing strong retail sales and consumer spending, leading to a higher number of gross domestic product (GDP).
The United States Redbook Index
The United States Redbook Index latest reading of 2.0% was on July 18th 2017, which was lower than the previous reading of 2.4%. For 2017 the Index is in an uptrend, indicating growth in the retail sales and consumer spending. Historically the Redbook Index has an average reading of 2.24% for the period of years 2005-2017, an all-time high reading of 7.60% in March of 2005, and an all-time low reading of -5.80% in July of 2009.
