Here is the explanation people won’t tell you about retail sales data. There 2 components to retail sales one is cash sales and credit sales. The cash part is the unknown part the credit side is known by the banks. The Commercial banks have access to the credit usage. Thread I

Therefore they know in advance on their side how much credit was used by their customers. The Bank of America (BoFa) always releases their preliminary data usage of credit by their customers Ahead of retail sales. This measure is an early sign of the outcome.

Like most western countries “Credit cards 💳 “ are used more than cash 💰 so Credit makes up 60% of retail sales data. I hope this makes sense to you all. And this is the true understanding of retail sales. Save this for your notes.

Because no one will explain it to you like this. And I learnt this from several analysts online. You welcome