In the December 2014 Monthly Economic Review, NRF Chief Economist Jack Kleinhenz provides in-depth analysis on the latest government economic indicators, such as wages and income change, retail sales and consumer sentiment. Additionally, this members-only report features the latest data on the notable growth in Gross Domestic Product: The economy expanded at an annual rate of 5 percent in the third quarter, according to the Bureau of Economic Analysis’ third estimate. This was the first time since 2003 that economic activity exceeded 4 percent in two consecutive quarters.
NRF’s Monthly Economic Review is a report for NRF and its communities’ members that includes the latest information on industry sales, providing a thorough overview of the current retail and economic climate.
Prepared by NRF chief economist Jack Kleinhenz, the report utilizes recent economic data to analyze the impact of key indicators such as energy costs and the housing market on retail sales growth.