Tag: economy
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.
Economy Continues to Improve Regardless of Slower Expectations
The US economy did better in the first half of 2023 than indicators suggested and is improving according to NRF economists. Read more here!
NRF Economist Says Conditions Look Like Soft Landing, Not Recession
Economic indicators are giving conflicting signs but the nation does not appear to be in a recession and should be headed toward a soft landing from the rampant inflation and high interest rates of the past two years
Q1 2023 Brings Challenges with Inflation Control Â
Slower-but-continued growth in gross domestic product and other economic indicators during the first quarter of NRF's Monthly Economic Review showed inflation control challenges.