by Mike Duff | Aug 11, 2023 | Retail Articles
Consumer spending growth is slowing as the economy settles down amid higher interest rates intended to reduce inflation, National Retail Federation chief economist Jack Kleinhenz noted in the August NRF Monthly Economic Review. He pointed out that gross domestic...
by Mike Duff | Jul 18, 2023 | Featured News, Retail Articles
Retail sales rose in June even as employment grew more slowly, according to the National Retail Federation. Based on United States Census Bureau figures, NRF stated that overall retail sales in June gained 0.2% from May and 1.5% year over year. May sales advanced 0.5%...
by Mike Duff | Jul 7, 2023 | Featured News, Retail Articles
As part of the organization’s Monthly Economic Review, National Retail Federation chief economist Jack Kleinhenz stated that the United States economy did better in the first half of 2023 than early indicators suggested and appears to be “rolling forward” even as the...
by Mike Duff | Jun 16, 2023 | Retail Articles
The National Retail Federation has stated retail sales rose again in May as consumers continued to spend despite economic challenges. Citing United States Census Bureau research, NRF noted that overall retail sales in May were up 0.3% from April and 1.6% year over...
by Mike Duff | Jun 6, 2023 | Featured News, Retail Articles
National Retail Federation Chief Economist Jack Kleinhenz stated as part of NRF’s Monthly Economic Review that typical indicators are providing conflicting signs, but he added the nation does not appear to be in a recession and should be headed toward a soft landing...