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.

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