Tag: economy
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.
Census Data Shows Steady Retail Sales in April as Tariff Concerns Continued
Despite concerns over tariffs, US retail sales in April showed continued consumer resilience, with modest monthly growth and strong year-over-year gains, supported by positive trends in jobs, wages, and energy prices.
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.
NRF Chief Economist Says Data ‘Remains Strong’ But Public Policy Uncertainties ‘Blur the Economic...
Strong economic performance seen in 2024 is expected to carry over and influence growth this year, but there is a wide range of uncertainty as the White House and Congress make decisions that will impact the economy.
NRF Chief Economist Says 2024 ‘Ended on a High Note’
Economic growth withstood inflation, high interest rates, and other challenges in 2024 and is expected to continue showing strength in 2025, according to National Retail Federation Chief Economist Jack Kleinhenz.
CNBC/NRF Retail Monitor Shows Retail Sales Grew Again in August as Inflation Eased
Retail sales increased again in August as consumer demand and easing inflation overcame slower job growth, according to the CNBC/NRF Retail Monitor, released by the NRF.
NRF Says a Recession Is Unlikely
With the economy slowing but still growing and inflation down as the Federal Reserve prepares to lower interest rates, the United States appears to have dodged a recession, according to National Retail Federation Chief Economist Jack Kleinhenz.
NRF Says Economy Remains Sturdy Despite Forecast for Slower Growth
Adjusted for inflation, GDP is expected to grow about 2.3 percent year over year—slower than last year’s 2.5 percent but still strong enough to sustain job growth that drives consumer spending. Consumer spending is expected to be up about 2 percent, which compares with 2.3 percent last year.
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.