NRF Forecasts

Economic forecast
Economic forecast 2021

NRF forecasts that retail sales during 2021 will increase between 6.5 percent and 8.2 percent to more than $4.33 trillion in 2021 as more individuals get vaccinated and the economy reopens.


More economic and consumer research from NRF

Monthly Economic Review: February 2021
Consumer behavior and spending will be shaped by current events in the months ahead.
Read more
2020 Holiday Season: One for the Record Books
Record holiday season retail sales in 2020 reflected the recovering economy but also got a boost from consumer emotions.
Read more
Retail Holiday and Seasonal Trends
Consumer spending data for retail holidays throughout the year.
Read more