All Posts Tagged: holiday sales
U.S. Outlook: Will consumers keep spending over the holidays?
Chief Economist
Next week is the all-important kickoff of the holiday shopping season, with the four most important shopping days of the year.
What percentage of the population plans to shop during the Thanksgiving weekend that includes Black Friday and Cyber Monday?
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Nov. 17.
Key observations:- The retail sales data through October show a consumer who is ready and willing to spend this holiday season.
- The fact that retail sales for October continued to climb after a huge gain in spending during September bodes well for holiday sales.
- Income growth continues to lag consumer spending.
- We are forecasting nearly 3% real consumer spending growth in the fourth quarter.
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U.S. Outlook: More signs of inflation and growth
Chief Economist
A new batch of hard economic data for December paints a positive picture of U.S. economic growth.
Read More ›U.S. Outlook: A festive holiday forecast this year
Chief Economist
Our forecast for holiday sales growth this year is 4.0%, which would make it the best year since 2012.
Read More ›U.S. Outlook: The glass-half-full economy
Chief Economist
