NRF Forecasts

2023 Retail sales forecast

NRF anticipates that retail sales will grow between 4% and 6% in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion this year.

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NRF 2023 annual retail sales forecast FAQs

Learn more through the answers to frequently asked questions about the NRF's annual sales forecast for 2023.

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More economic and consumer research from NRF

Economy is Expanding but Momentum is Slowing
 
NRF Chief Economist Jack Kleinhenz says the economy is still growing, but not as fast as it was earlier this year.
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Monthly Economic Review: September 2023
 
Economy is expanding but momentum is slowing.
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Retail Holiday and Seasonal Trends
 
Consumer spending data for retail holidays throughout the year.
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