After a year of challenges, the U.S. economy has proven to be healthy even as it continues to slow, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said. “The U.S. economy is on track to end 2023 with vigorous growth for the year,” Kleinhenz said. “A strong labour market, rising wages and access to excess […]

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US retail sales continued to grow in November, putting the 2021 holiday season on the home stretch for record spending despite inflation, supply chain disruptions and Covid-19, the National Retail Federation (NRF) said. “Despite economic headwinds, November retail sales data confirms that consumers continue to spend, as demonstrated by a 14% increase in sales year-over-year,” […]

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Retail sales in November increased 0.1 percent seasonally adjusted over October and were up 2.1 percent unadjusted year-over-year. November’s results build on October’s increase of 0.2 percent month-over-month and a strong 4.1 percent year-over-year. The numbers exclude automobile dealers, gasoline stations and restaurants. As of November, the three-month moving average was up 3.3 percent over […]

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