NRF Forecasts

Economic forecast
Economic forecast 2020

NRF forecasts that retail sales during 2020 will increase between 3.5 percent and 4.1 percent to more than $3.9 trillion despite uncertainty from the lingering trade war, coronavirus and the presidential election.

A blue door with a holiday wreath hanging
2019 holiday forecast

NRF expects holiday retail sales during November and December to increase between 3.8 percent and 4.2 percent over 2018 to a total of between $727.9 billion and $730.7 billion. The numbers, which exclude automobile dealers, gasoline stations and restaurants, compare with an average annual increase of 3.7 percent over the previous five years.


Latest news

default image
Retailers say credit insurance plan could increase liquidity during pandemic downturn
NRF says a federal backstop for trade credit insurance could help retailers recovering from the pandemic recession.
default image
Retail imports improving slightly, but still far below last year
Imports at major U.S. retail container ports are expected to remain significantly below last year’s levels into fall.
Read more
default image
NRF chief economist says pandemic recession could already be easing but 'no one has a crystal ball'
The coronavirus pandemic recession is now official, but the question is how long it will last.
Read more