Shoppers are still willing to spend and inflation is slipping toward the point of comfort for the United States Federal Reserve, but the labor market remains tight and some uncertainty continues to hang over the U.S. economy, according to National Retail Federation...
Economic growth in the United States slowed in the first quarter of 2024, but consumers are still spending more than they did last year, according to National Retail Federation Chief Economist Jack Kleinhenz. In NRF’s Monthly Economic Review, Kleinhenz noted gross...
March retail sales, as reported by the United States Census Bureau, increased as tax refunds and job growth put more money in shoppers’ pockets, National Retail Federation chief economist Jack Kleinhenz concluded. “March’s Census Bureau numbers confirm that consumer...
Despite expectations for slower growth of gross domestic product and retail sales, the economy should continue to advance through the remainder of this year, National Retail Federation Chief Economist Jack Kleinhenz said as part of the April NRF Monthly Economic...
The National Retail Federation has forecast that retail sales will advance between 2.5% and 3.5% in 2024 to between $5.23 trillion and $5.28 trillion. In 2023, retail sales grew 3.6% to $5.1 trillion, NRF noted, consistent with the 3.6% average annual growth in sales...
