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Economic indicators - R

List of indicators - R:

  • Real earnings (Real average weekly earnings)
  • Real Gross Domestic Product (GDP)
  • Redbook Index
  • Residential Construction Spending
  • Retail sales
  • Richmond Federal Reserve Bank Survey

Real Gross Domestic Product (GDP)

The total amount of goods produced and services provided is measured by GDP. The GDP prior period data concerning the growth rate is calculated according to real conditions in order to exclude the uncertainty occurring due to inflation. The Bureau of Economic Analysis of the Department of Commerce is responsible for publishing the GDP data quarterly. GDP shows perfectly the reduction or expansion of the economy, so that it has a major influence on the financial markets productivity.

Redbook Index

The CPLR 3211(a) (7) is often referred to for failure by the defendants attempting to cause a dismissal for the complaint. This happens because the public requires a contrary relief of the complaint. Three causes of this action are most often interfered into the complaint. The first is "hot news" misunderstanding, legal basis, and the competition held unfairly. The second includes wrong trade secrets appropriation. The third is an insincere contracts conducting.

The brokerage firm called "LJR" (Plaintiff, Lynch, Jones & Ryan, Inc.) deals with institutional securities and provides market research for its institutional investors among its other services. They are the unique rights owner and publisher of the "Redbook Index" ("LJR Redbook Research Retail Sales Growth Index"). The “Redbook Index" is also known to have the information of proprietary and prepared by LJR at its own expense and effort.

The “Redbook Index" is provided by LJR as a research report prepared each week for major institutional investors being its paying subscribers. LJR distributes the “Redbook Index" to its subscribers through telephone, hard copy, and facsimile. The most important data of the “Redbook Index" as LJR states is the compared information of the national retail sales growths and declines as well as the common data of the previous month.

The subscribers receive the “Redbook Index" at 2:05 p.m. (EST). At 2:40 p.m. (35 minutes later), it is presented to the public. The embargo period is the time between when the subscribers and general public receive the “Redbook Index" data. It was set to 35 minutes because of the Plaintiff subscribers' agreement. Plaintiff is sure that its subscribers appreciate the embargo period greatly. This period gives an advantage before non-subscribers to make analyzed buying decisions earlier than the “Redbook Index" is spread among the public.

The analysis, monitoring, and explanations of the consumer economy and retail sales trends are the things for which the Redbook is responsible. It has proved its reliability by having a 41-year history, being an independent monitor of the trends for all these years. Wall Street has the weekly proprietary retail sales index of the “Johnson Redbook Index" as the most watched one. The warnings, given in advance by the index, show early signals of business cycle changes, sector rotation, inflation, and interest rates fluctuations.

A number of other statistical analyses of the retail sales series trends are carried out by the Redbook. One of them is retailer same-store data that is based on the largest database of proprietary. The Redbook also carries out a close consumer economy monitoring in order to find the fundamentals that form demand, such as Consumer Indicators watching monthly more than 150 indicators in order to forecast major trends for short- to medium-term to let various consumer watchers along with retail investor use this data.

Residential Construction Spending

What it is: This is the amount of whole spending for both private and public construction. It has the seasonal adjustment for publishing in inflation-adjusted (real) as well as in nominal figures.

Why we care: Some parts of the quarterly GDP report are calculated using Construction spending directly. Still, the financial markets prefer dealing with to housing starts and new home sales because Construction spending suffers quite frequent revision.

Retail Sales

Total receipts of retail stores are measured by the retail sales. This is one of the most followed consumer-spending indicators. It shows the rate of retail sales change through its percentage changes.

Retail sales accumulate about one-half of total amount of consumer outlays and over 30 percents of total activity of the economy. Auto sales follow Retail Sales less due to their higher volatility referring to other parts of the Retail Sales and the following possibility to figure out more significant trend.

Retail sales take the effects caused by the inflation into consideration being measured in nominal conditions. At least a short-term support to the currency may be expected when Retail Sales figures grow up giving the signs of a severe economy that predicts short-term interest rates increase.

Richmond Federal Reserve Bank Survey

What it is: The list of local companies occupied in manufacturing, retail and service sectors on conditions.

Why we care: It shows regional changes in activity of the economy.