The largest U.S. retail trade group is forecasting that the country's retail sales will increase anywhere between 2.5% and 3.5% this year.
Save money with these awesome Insider DealsFILE - Shoppers and sightseers walk along 5th Avenue, Dec. 11, 2023, in New York. The National Retail Federation said Wednesday, March 20, 2024, that retail sales will increase anywhere between 2.5% and 3.5% this year, a solid but still slower pace than the 3.6% seen last year. – The largest U.S. retail trade group is forecasting that the country's retail sales will increase anywhere between 2.5% and 3.
"The economy is primarily supported by consumers who have shown much greater resilience than expected, and it’s hard to be bearish on the consumer,” the federation's chief economist, Jack Kleinhenz, said. “The question for 2024 ultimately is, will consumer spending maintain its resilience?”
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