Tag: economy
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.
Import Cargo Slowing Along with Spending Growth
Import cargo volume at the nation’s major container ports has already hit its expected peak for the year and should gradually slow headed into the holiday season.
Import Cargo Volume Could Hit 2 Million TEU Three Months in a Row
Import cargo volume at the nation’s major container ports is expected to hit the 2 million TEU unit mark for the second month in a row in September and remain there during October.
NRF Economist Says Economy Is Expanding But Momentum Is Slowing
The economy is still growing, but not as fast as it was earlier this year, according to NRF Chief Economist Jack Kleinhenz.
NRF Says Growth in Consumer Spending Is Slowing
Spending is slowing as the economy settles down amid higher interest rates intended to reduce inflation, according to the NRF.