Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 24/01/2022 19:33 
04.12.2021 00:57 News >> US Holiday Sales To Smash Record Despite Supply Chain, Inflation, Omicron

US Holiday Sales To Smash Record Despite Supply Chain, Inflation, Omicron

Overall consumer spending rose by 1.3% in October, largest monthly increase since March.

US holiday sales are on track to exceed projections for record spending, despite supply chain issues, high inflation and the omicron variant, the National Retail Federation (NRF) said Friday.
"The latest data is encouraging and provides useful insights. In fact, the season could turn out even better than we expected," NRF Chief Economist Jack Kleinhenz said in a statement.
"With the momentum we've seen so far likely to continue, it seems probable that we will exceed our initial projection," he added.
Holiday retail sales during November and December could now grow as much as 11.5%, compared to 2020, according to NRF's latest estimates.
If realized, it would beat its previous forecast of growth between 8.5% and 10.5% to reach $843.4 billion to $859 billion.
The first official results of the holiday season will be revealed when the Census Bureau will announce November sales on Dec. 15.
"But overall consumer spending – beyond just retail sales – rose by 1.3% in October, the largest monthly increase since March," said NRF. "The increased retail sales and strong economic indicators come despite falling consumer confidence."
"There was no evidence of a pullback" despite price increases, high inflation and supply chain disruptions, according to Kleinhenz. -



        Latest News
Former Lebanese Premier Hariri Suspends Political Work 24 minutes ago...
Hariri rules out 'positive opportunity' for Lebanon amid Iranian influence, sectarianism, 'state weariness'
Several Injured In Shooting At German University 24 minutes ago...
Police say lone gunman is dead, at least 4 people were injured at Heidelberg University’s campus.
Heavy Snow Hits Turkiye's Largest City Istanbul -21 minutes ago...
Traffic disrupted in many areas, with many drivers as well as vehicles stuck due to heavy snow.
Turkiye's Borsa Istanbul Drops 5% At Close -20 minutes ago...
BIST 100 loses more than 100 points from previous close.
UPDATE- Burkina Faso's President Detained At Military Camp: Reports 25 minutes ago...
Gunshots were heard on Sunday morning at military barracks in capital Ouagadougou, according to reports.

 
      Top News
UPDATE- Burkina Faso's President Detained At Military Camp: Reports UPDATE- Burkina Faso's President Detained At Military Camp: Reports
Japan Says Considering Evacuating Citizens From Ukraine Japan Says Considering Evacuating Citizens From Ukraine
Ukraine Hails Turkiye's Offer To Act As Mediator With Russia: Envoy Ukraine Hails Turkiye's Offer To Act As Mediator With Russia: Envoy
Simona Halep Eliminated From Australian Open Simona Halep Eliminated From Australian Open
Turkish Stocks Start Week Down Turkish Stocks Start Week Down
Chelsea Win London Derby Against Tottenham, Ziyech Scores Screamer Chelsea Win London Derby Against Tottenham, Ziyech Scores Screamer
16 Killed, 8 Injured At Nightclub Fire In Cameroon's Capital 16 Killed, 8 Injured At Nightclub Fire In Cameroon's Capital
UN Condemns Arrest Of Female Activist In Sudan UN Condemns Arrest Of Female Activist In Sudan
Moscow Decries UK Claim That Kremlin Planning To Install Pro-Russian Leadership In Ukraine Moscow Decries UK Claim That Kremlin Planning To Install Pro-Russian Leadership In Ukraine
Inter Milan's Dzeko Scores 90Th Minute Header To Sink Venezia Inter Milan's Dzeko Scores 90Th Minute Header To Sink Venezia