consumer spending
2023 holiday spending to reach record levels
Holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion a... READ MORE »
Consumers to spend nearly $900 this holiday season
Those celebrating the winter holidays expect to spend $875 on average on gifts, decorations, food and other key seasonal items, according to the Natio... READ MORE »
NRF: Import cargo slows 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 h... READ MORE »
Consumers to spend record $22.9B for Father’s Day
Consumers will collectively spend a record-high $22.9 billion to celebrate Father’s Day this year, according to the annual survey released today by ... READ MORE »
Consumers to spend record $35.7B for Mother’s Day
Consumers plan to spend a total of $35.7 billion on Mother’s Day this year, nearly $4 billion more than last year’s record high of $31.7 billion, ... READ MORE »
GDP growth slows, but consumer spending remains positive
Gross domestic product isn’t likely to grow as much in the final months of 2022 as it did in the third quarter, but consumer spending should remain ... READ MORE »
NRF projects that gross domestic product will climb 2.6% this year
Jack Kleinhenz, chief economist, National Retail Federation (NRF) noted in the June issue of NRF’s Monthly Economic Review that the latest Blue Chip... READ MORE »
