by Jacob Musselman | Aug 16, 2024 | Industry News
Retail sales data released by the U.S. Census Bureau shows consumers continued to increase their spending in July while the growth of the economy is moderating, says Jack Kleinhenz, National Retail Federation chief economist. Retail trade sales were up 1.1% from June...
by Jacob Musselman | Jul 16, 2024 | Industry News
Data recently released by the U.S. Census Bureau shows modest retail sales gains in June despite an uneven pace of spending in recent months, National Retail Federation chief economist Jack Kleinhenz says. “The path of household spending remains difficult to read,”...
by Jacob Musselman | Jun 4, 2024 | Industry News
Consumers are still willing to buy even as smaller job and wage gains and high interest rates are slowing the growth of consumer spending, National Retail Federation (NFR) chief economist Jack Kleinhenz says. “U.S. economic growth for the remainder of this year will...
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...
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...
