Wednesday, February 6, 2019

U.S. Retail Sales Seen Slowing This Year as Economy Cools Off

Retail sales growth in the U.S. is expected to slow down in 2019 amid cooling economic conditions, according to the National Retail Federation, an industry trade group.

Americans will boost retail spending by 3.8 percent to 4.4 percent this year, the NRF said. For comparison, preliminary estimates show that sales rose 4.6 percent in 2018, according to the group. The NRF used a combination of government data and its own estimates. . . . more