NRF forecasts 2023 retail sales to grow between 4% and 6%
During the State of Retail & the Consumer virtual event, NRF released its annual retail sales forecast anticipating sales growth 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. NRF projects a full year GDP growth of around 1% and an inflation rate between 3% and 3.5% for all goods and services.