US retail sales will grow by 6% to 8% in 2022! The growth rate is slowing down!

US retail sales will grow by 6% to 8% in 2022! The growth rate is slowing down!

It is learned that according to the forecast of the National Retail Federation (NRF), US retail sales will increase by 6% to 8% in 2022 to reach US$4.86 trillion to US$4.95 trillion (excluding car dealers, gas stations and restaurants).

NRF said that the growth rate of US retail sales in 2022 will be much lower than in 2021 (14%), but will still be higher than the level in the decade before the epidemic (3.7%).

According to the NRF forecast, U.S. non-physical store and online sales will grow 11% to 13% in 2022 to $1.17 trillion to $1.19 trillion.

In addition, NRF predicts that U.S. economic growth will slow down in 2022 amid surging inflation, tightening monetary policy and reduced fiscal stimulus, with GDP possibly growing by 3.5% for the whole year.

NRF chief economist Jack Kleinhenz said the United States has never experienced such high levels of inflation and expects inflation to remain high through 2023.

It is understood that at present, the financial situation of American households is healthy, so their spending may continue to grow steadily in 2022. However, affected by the supply chain and inflation, it is expected that US retailers will experience a "roller coaster" income (ups and downs) in the coming months.


Editor ✎ Nicole/

Disclaimer: This article is copyrighted and may not be reproduced without permission.

<<:  Adobe's latest data: Americans' online shopping spending has reached $1.7 trillion since the outbreak

>>:  Walmart will open two data centers and recruit more than 5,000 technicians!

Recommend

Walmart will automate its supply chain to double sales in three to five years

It is learned that according to foreign media repo...

What is Vide Dressing? Vide Dressing Review

Vide Dressing is the first C2C second-hand clothin...

Target targets the beauty market! 40 new beauty brands added!

<span data-shimo-docs="[[20,"获悉,据外媒报道,近日Ta...

What is J&P Accounting Firm? J&P Accounting Firm Review

Founded in 2007, J&P CPA (J&P) is a cross-...

What is Jiaodi Technology Co., Ltd.? Jiaodi Technology Co., Ltd. Review

Ashibro Technology Co., Ltd. is a start- up compan...

U.S. Candy Market Survey: Candy Sales Soar to $42 Billion in 2022

It is learned that according to the National Confe...

What is a Platinum Seller? Platinum Seller Reviews

Amazon divides sellers' stores into gold selle...

What is Falcon.io? Falcon.io Review

Falcon.io is a platform for every social media mar...

Comparing with Prime Day! Target will hold a "Circle Week" promotion!

It is learned that, consistent with previous predi...