Tag: consumer spending
CNBC/NRF Retail Monitor Shows Sales Slowed in June as Concerns About Tariffs Continued
Retail sales declined in June for the first time since February as consumer concerns over economic policy and trade uncertainty impacted spending across most sectors.
NRF Chief Economist Says ‘Anxiety and Confusion’ From Tariffs and Other Policies Are Causing...
NRF Chief Economist Jack Kleinhenz highlights ongoing economic uncertainty driven by tariffs and policy changes, despite solid fundamentals and steady consumer activity.
Census Retail Sales Data Shows Consumers ‘Seeing their Way Through’ Tariffs but Impact Could...
Core retail sales continued to grow modestly in May despite a decline in overall retail sales and ongoing tariff-related economic uncertainty, supported by wage gains and consumer resilience.
Father’s Day Spending to Reach Record $24 Billion
Father’s Day spending is projected to hit a record $24 billion this year, driven by consumers prioritizing unique and memorable gifts, with an average spend of nearly $200 per person.
NRF Chief Economist Says Economy Still Growing Despite Tariffs But ‘A Lot of People...
Despite continued job growth and consumer spending, rising trade tensions and erratic tariff policies have fueled widespread economic uncertainty and heightened recession fears, though a downturn has not yet materialized.
Census Retail Sales Data Shows Consumers Are ‘Apprehensive’ Despite ‘Healthy’ Economic Fundamentals
According to the NRF, retail sales in February showed modest growth, with a 0.2% month-over-month increase and a 3.1% year-over-year rise.
Holiday Spending Still on Track for Steady Growth Amid ‘Mixed Signals’ in Recent Jobs...
The NRF still expects steady sales growth for the winter holiday season despite contradictions in the latest economic indicators, NRF Chief Economist Jack Kleinhenz said.
2024 Easter Spending Expected to Top $22 Billion
Consumer spending is expected to reach a total of $22.4 billion this Easter, according to the annual survey released by the NRF and Prosper Insights & Analytics.
Census Data Shows Retail Sales Bounced Back in February
The Census Bureau said overall retail sales in February were up 0.6% seasonally adjusted from January and up 1.5% unadjusted year over year.
NRF Economist Says Inflation and Interest Rates Remain Key
Inflation and the Federal Reserve’s efforts to bring inflation under control will continue to play a major role in the economy this year.