NRF Forecasts

2022 Retail sales forecast

NRF expects retail sales will grow between 6 percent and 8 percent to more than $4.86 trillion in 2022.

2022 Holiday retail sales forecast

NRF forecasts that holiday retail sales during November and December will grow between 6% and 8% over 2021 to between $942.6 billion and $960.4 billion.


More economic and consumer research from NRF

GDP Growth is Slower But Consumer Spending Remains Positive
GDP isn’t likely to grow as much in the fourth quarter as the third, but consumer spending should remain strong.
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Monthly Economic Review: December 2022
Economy holding up in late 2022 but slower as it moves to finish line.
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Retail Holiday and Seasonal Trends
Consumer spending data for retail holidays throughout the year.
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