Can anyone tell me what the terms [B]y/y[/B] and [B]m/m[/B] mean in a quote such as the following:
At 7:15am we will have Abscol Retail coming out. The y/y number is expected to come out at 4.0%, and m/m is expected to come out at -0.1%. I would use 0.3 trigger on the m/m indicator.
Basically, the yearly and monthly number. So, in your example, 4.0% is the expected number versus last years number, and -0.1% is the expected number versus last month’s number. Makes sense?
I found a reference online at investopedia, under Dictionary-Acronyms, for QOQ, YOY, and MOM. According to investopedia, MOM does not have the same meaning as some quotes are using it for, so m/m and its variations must be a borrowing from the y/y and q/q concepts to fit monthly patterns.