Overall retail sales slipped slightly in February, but core spending excluding automobile dealers, gas stations and restaurants rose, according to the National Retail Federation. In its monthly retail report, the United States Census Bureau said overall February sales...
The National Retail Federation reported retail sales bounced back strongly in January as inflation eased and incomes grew. As gift card season proceeded, the United States Census Bureau stated that overall retail sales in January gained 3% from December and 6.4% year...
In association with the February issue release of NRF’s Monthly Economic Review, National Retail Federation chief economist Jack Kleinhenz maintained that a recession is unlikely in the immediate future and the United States economy should see slight growth in 2023 as...
With consumers pressured by economic uncertainty, higher interest and inflation eroding their incomes, retail sales during 2022’s November-December holiday season grew 5.3% over the 2021 period to $936.3 billion but fell short of the National Retail Federation’s...
The economy is at a critical juncture with recession a possibility, if not a certainty, National Retail Federation chief economist Jack Kleinhenz stated in the NRF Monthly Economic Review. The United States Federal Reserve’s efforts to reduce inflation may not trigger...
