Each month, NRF reviews the state of the U.S. economy, including consumer sentiment, employment, housing, retail sales and other leading economic indicators.

Economy is Expanding but Momentum is Slowing
NRF Chief Economist Jack Kleinhenz says the economy is still growing, but not as fast as it was earlier this year.

Monthly Economic Review: September 2023
Economy is expanding but momentum is slowing.
Read more

Monthly Economic Review: August 2023
Economy remained resilient in first half of 2023 but pace is lessening.
Read more

Growth in Consumer Spending is Slowing
Consumers are still buying more, but spending growth is slowing as the economy settles down.
Read more

Economy ‘Still Moving in the Right Direction’
The economy did better in the first half of 2023 than early indicators suggested and appears to be “rolling forward."
Read more

Monthly Economic Review: July 2023
Economy has more momentum than most thought but has started to slow.
Read more