The Conference Board Consumer Confidence Index slipped in November after losing ground in October, and now stands at 100.2 just two-tenths of a point above the border between positive and negative territory. As revised, the index stood at 102.2 in October, according...
Despite strong consumer spending, gross domestic product is unlikely to grow as much in the final months of 2022 as it did in the third quarter, National Retail Federation Chief Economist Jack Kleinhenz stated as part of NRF’s Monthly Economic Review, but he also...
With a recession and inflation looming on the minds of many companies and consumers, Joe Derochowski, home industry advisor for The NPD Group, discussed during IHA’s 2022 Connect FALL virtual event where consumers are likely to spend during the next year and how...
In a more skeptical appraisal, KPMG had a less buoyant forecast for the upcoming holidays than some consumer studies, with executives expecting retail sales growth of 4.2% over the 2021 season, within the historical growth range of 3% to 5% but flat to slightly...
Consumers may worry about high inflation and interest rate hikes initiated by the United States Federal Reserve intended to bring inflation under control, but that hasn’t stopped them from spending, according to National Retail Federation Chief Economist Jack...
