National Retail Federation - NRF's Monthly Economic Review

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NRF's Monthly Economic Review

NRF's Monthly Economic Outlook is a report for NRF and its communities’ members that includes the latest information on industry sales, providing a thorough overview of the current retail and economic climate.

Prepared by NRF chief economist Jack Kleinhenz, the report utilizes recent economic data to analyze the impact of key indicators such as energy costs and the housing market on retail sales growth.

Current Edition–May 2013

When looking at the economic recovery from 30,000 feet, there are a few key indicators that help analysts and the rest of the world understand the direction we're heading a little better. One of those indicators is the housing market.

Housing starts in March broke an annual pace of one million for the first time since the beginning of the recovery in June 2009. The relationship between housing and the economy is crucial in every economic recovery because they both depend on the strength of growth in employment and incomes. Looking ahead, the improvement in the housing market will continue to play an integral role in pace of the economy and the continued strength of the consumer.

View NRF Chief Economist Jack Kleinhenz complete analysis here.