• Fri. Feb 23rd, 2024

Positive Outlook for Retail Sales in 2024: NRF and CNBC Report


Feb 12, 2024
Consumer Confidence on Par with Economic Growth

The National Retail Foundation (NRF) and CNBC released a report that found consumers are continuing to spend into 2024, with core retail sales up by 3.2% from the previous year in January and retail sales up in six out of nine categories. Despite the more positive outlook, sentiments about the labor market were slightly less optimistic. Household views on personal finances and the economy are also looking brighter as high inflation continues to fade, with most people stating that their finances were better off than a year ago. The report was released ahead of Thursday’s U.S. retail sales data from the Census Bureau, which will provide more insight on consumer spending.

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