…with brief, occasional, italicized and sometimes gratuitous commentary…
• The National Retail Federation (NRF) is out with its 2018 economic forecast, “projecting that retail industry sales will grow between 3.8 and 4.4 percent over 2017. Online and other non-store sales, which are included in the overall number, are expected to increase between 10 and 12 percent.
Retail sales in 2017 increased 3.9 percent over 2016.
The report also projects that “the overall economy is expected to gain an average of 163,000 jobs a month, down slightly from 2017 but consistent with labor market growth,” and that unemployment will “drop to 3.9 percent by the end of the year.”
• The National Retail Federation (NRF) is out with its 2018 economic forecast, “projecting that retail industry sales will grow between 3.8 and 4.4 percent over 2017. Online and other non-store sales, which are included in the overall number, are expected to increase between 10 and 12 percent.
Retail sales in 2017 increased 3.9 percent over 2016.
The report also projects that “the overall economy is expected to gain an average of 163,000 jobs a month, down slightly from 2017 but consistent with labor market growth,” and that unemployment will “drop to 3.9 percent by the end of the year.”
- KC's View:
