DEFINITION of 'ICSC-UBS Store Sales'
A weekly economic figure published by the International Council of Shopping Centers and UBS Bank, that measures comparable store sales at major retail chains. The ICSC-UBS Store Sales measures the portion of retail sales attributed to general merchandise.
BREAKING DOWN 'ICSC-UBS Store Sales'
Because consumer spending accounts for about two-thirds of GDP, patterns in consumer spending can have a major influence of investment pricing. The ICSC-UBS index is published weekly, so it is a useful indicator for viewing economic activity during major events and holidays.