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Finance Dictionary and Glossary of Investment Terms
A chain-store sales index that measures sales on a weekly basis for nine large retailers. The index is relatively volatile from week to week and therefore has little to say about broader consumption patterns. Mitsubishi also produces a monthly measure of sales, which does a better job of predicting a few pieces of the retail sales report (particularly the general merchandise and apparel components).Note that the release times for these private surveys are the official embargo times. The releases are provided to subscribers much earlier and typically leaked to the rest of the market long before these official release times. Mitsubishi is typically leaked by 8:00 ET, and the Redbook survey is usually known in the market by 14:15 ET.Importance (A-F): D+. Source: Bank of Tokyo-Mitsubishi Release Time: Mitsubishi: 9:00 ET each Tuesday (data for week ended prior Saturday).