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

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NRF chief economist: Stopping the pandemic is first step to restoring sound economy
NRF's Monthly Economic Review says the coronavirus "has triggered shocks" but that the underlying economy is sound.
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Coronavirus stimulus from Congress will bring billions to cash-strapped retailers
What’s in it for retailers and what do retailers need to do to obtain the assistance that has been provided?
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Retailers commend U.S. House for swift approval of CARES Act
The CARES Act will provide critical financial relief for American workers, families and businesses impacted by COVID-19.
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