NRF Forecasts

2023 Retail sales forecast

NRF anticipates that retail sales will grow between 4% and 6% in 2023. In total, NRF projects that retail sales will reach between $5.13 trillion and $5.23 trillion this year.

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NRF 2023 annual retail sales forecast FAQs

Learn more through the answers to frequently asked questions about the NRF's annual sales forecast for 2023.

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More economic and consumer research from NRF

Monthly Economic Review: August 2023
 
Economy remained resilient in first half of 2023 but pace is lessening.
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Growth in Consumer Spending is Slowing
 
Consumers are still buying more, but spending growth is slowing as the economy settles down.
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Retail Holiday and Seasonal Trends
 
Consumer spending data for retail holidays throughout the year.
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