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.

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.


More economic and consumer research from NRF

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