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Economic Growth Slows, Consumer Spending Persists, NRF Says

Economic Growth Slows, Consumer Spending Persists, NRF Says

by Jacob Musselman | May 9, 2024 | Industry News

Economic growth slowed during the first three months of the year, but consumers are still spending more than last year, says Jack Kleinhenz, National Retail Federation (NRF) chief economist. “The U.S. economy lost some spring in its step during the first quarter as...
Census Retail Sales Data Shows Consumers ‘Still Engaged’

Census Retail Sales Data Shows Consumers ‘Still Engaged’

by Jacob Musselman | Feb 28, 2024 | Industry News

The National Retail Federation (NRF) says data released by the U.S. Census Bureau retail sales data shows that retail sales cooled in January but households continued to spend. “Retail sales softened in January compared with the holiday season, but consumers were...

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