Retained Retail Spending

Indicator Rationale

The retained retail spending indicator is a measure of economic leakage.  Specifically, it is the ration of total local spending applied within the area to the total available expenditure sourced from the residents in the area (National Institute of Economics and Industry Research, 2004).

A region's ability to capture local consumption expenditure is vital in providing local employment (National Institute of Economics and Industry research, 2004) and is related to business diversity.

Measure

Measure to be investigated further. 

Data Source

Data sources must be investigated further.

Reference

National Institute of Economics and Industry Research, 2004