What does US Redbook YoY Actual 3.0% (Forecast -, Previous 2.5%)mean as far as the market is concerned

The US Redbook YoY Actual 3.0% indicates that there has been a year-over-year increase of 3.0% in same-store sales growth in a sample of large US general merchandise retailers. This suggests that these retailers are experiencing growth and performing well compared to the previous year.The forecast of -2.5% indicates that analysts had expected a decrease in year-over-year same-store sales growth, which was not realized. The previous value of 2.5% shows the growth rate in the previous month. Overall, the current value of 3.0% suggests positive momentum in the retail sector and could be seen as a positive sign for the market. It indicates that consumer spending is increasing, which is generally seen as a key driver of economic growth.