Monthly Economic Review

Each month, NRF reviews the state of the U.S. economy, including consumer sentiment, employment, housing, retail sales and other leading economic indicators.

 
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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.
 
Holiday season shopping
Monthly Economic Review: December 2022
Economy holding up in late 2022 but slower as it moves to finish line.
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Consumer Fundamentals Counter Inflation in Holiday Forecast
NRF balanced high inflation and rising interest rates against strong consumer fundamentals in its 2022 holiday forecast.
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Holidays
Monthly Economic Review: November 2022
Consumers remain steadfast going into holiday season.
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Consumers Still Spending Despite Inflation and Interest Rates
Consumers remain worried about inflation and interest rates but neither has stopped them from spending.
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Shopping
Monthly Economic Review: October 2022
Consumers spending more cautiously — but not stopping — as the Fed gets even tougher on inflation.
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