Tag: economy
February CNBC/NRF Retail Monitor Numbers Show Consumers Continued Spending
Retail sales continued to grow in February, building off solid gains from January, according to the CNBC/NRF Retail Monitor.
With No Sign of Recession, NRF Economist Says Labor Market and Interest Rates Will...
After a better-than-expected performance in 2023, what happens with the economy in 2024 could depend largely on the labor market and what the Federal Reserve does with interest rates.
January CNBC/NRF Retail Monitor Numbers Show a ‘Great Start to the New Year’
Retail sales showed a strong beginning for the year in January, nearly matching December’s busy holiday spending and rising significantly year over year.
2023 Holiday Sales Grew 3.8% to Record $964.4B
US Census Bureau data shows that core retail sales during the 2023 holiday season grew 3.8% over 2022 to a record $964.4 billion.
NRF Economist Says 2023’s Consumer Spending Growth is ‘Not Necessarily Sustainable’ in 2024
Consumers spent more than expected amid high inflation and interest rates during 2023, though spending is now expected to slow in 2024.
Import Cargo Enters Winter Lull as Red Sea Disruptions Continue
NRF reported that inbound cargo volume at the nation’s major container ports should gradually slow during the first quarter of 2024 before beginning to build again in the spring.
NRF Says 2023 Economy Has Seen Vigorous Growth Despite Recent Slowdown
After a year of challenges, the economy has proven to be healthy even as it continues to slow, according to National Retail Federation Chief Economist Jack Kleinhenz.
Census Says Retail Sales Grew Year Over Year in October But Growth Continued to...
Retail sales kept up a long streak of year-over-year gains in October even though the rate of growth continued to slow, finds NRF.
Consumers Will Spend Nearly $900 to Celebrate the Winter HolidaysÂ
Those celebrating the winter holidays expect to spend $875 on average on gifts, decorations, food, and other key seasonal items.
Retail Sales Grew in September, But Core Year-Over-Year Gains Are Slowing
Retail sales continued to grow in September even as consumers faced continuing economic pressures, according to the NRF.