consumer spending

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Consumers to spend nearly $900 this holiday season

Those celebrating the winter holidays expect to spend $875 on average on gifts, decorations, food and other key seasonal items, according to the National Retail Federation (NRF)’s latest consumer survey conducted by Prosper Insights &... more »

NRF: Import cargo slows along with spending growth

Import cargo volume at the nation’s major container ports has already hit its expected peak for the year and should gradually slow headed into the holiday season, according to the Global Port Tracker report released... more »

Consumers to spend record $22.9B for Father’s Day

Consumers will collectively spend a record-high $22.9 billion to celebrate Father’s Day this year, according to the annual survey released today by the National Retail Federation (NRF) and Prosper Insights & Analytics. Total expected spending... more »

Consumers to spend record $35.7B for Mother’s Day

Consumers plan to spend a total of $35.7 billion on Mother’s Day this year, nearly $4 billion more than last year’s record high of $31.7 billion, according to an annual survey released by the National... more »

GDP growth slows, but consumer spending remains positive

Gross domestic product isn’t likely to grow as much in the final months of 2022 as it did in the third quarter, but consumer spending should remain strong even though its rapid pace is continuing... more »

NRF says economy experiences ongoing expansion despite uncertainty

The Federal Reserve faces “a tricky job” in addressing inflation but continuing growth in employment, wages and consumer spending make it unlikely the effort will backfire into a major setback for the economy, Jack Kleinhenz,... more »

Holiday spending to increase to $700 billion this year

The National Retail Federation announced that it expects holiday retail sales in November and December — excluding automobiles, gasoline and restaurants — to increase between 4.3 and 4.8 percent over 2017 for a total of $717.45 billion to $720.89 billion.... more »

Consumer spending slows down during June

The Department of Commerce reported a rise in consumer spending during June, but at a slightly lower rate than the previous month, reports the Wall Street Journal.Consumer spending rose by 0.2 percent during June, down... more »

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