NRF Ups Retail Sales Forecast – By A Lot
Jun 9, 2021 Shoppers in line at PacSun in April. SES file photo. SPONSOR The National Retail Federation raised its guidance for annual retail sales today – by a lot. The trade group now expects retail sales to grow 10.5% to 13.5% for the year. That compares to the 6.5% increase it predicted in February. The NRF also expects GDP to grow 7% for the year, up from the 4.4% to 5% growth previously forecast. That would be the fastest growth since 1984. “We are seeing clear signs of a strong and resilient economy,” NRF Chief Economist Jack Kleinhenz said in a statement. “Incoming data sugges...