Christmas Sales 2020 Usa Forecast
Christmas sales 2020 usa forecast
Sales were down 10 5 from last year indicating a recession for the second quarter of 2020. This page provides u s.
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17 february 2020 updated 30 days ago.
Christmas shopping is one of the biggest holidays with shoppers spending over 1 trillion in the united states and shoppers in the uk spending over 2 billion. The level of retail sales will not regain last year s level 2019 until 2022. December retail sales increased more than forecast actual values historical data forecast chart statistics economic. 12 shopping tools for the best price.
Retail insights and trends. 4 9 growth in 2020 3 8 in 2021 kiplinger s latest forecast for the gdp growth rate 3 jobs. Holiday and seasonal trends. The graphics provide a general sense of the likelihood of a white christmas over the entire country and the midwest.
Nrf forecasts that retail sales during 2020 will increase between 3 5 percent and 4 1 percent to more than 3 9 trillion despite uncertainty from the lingering trade war coronavirus and the presidential election. States are reopening but workers will come back slowly kiplinger s latest forecast on jobs. Since 2003 nrf has partnered with prosper insights analytics to gauge consumers spending intentions and celebration plans for american holidays from valentine s day to christmas and. From decorations to presents to parties to cards many shoppers will save all year for the spending they use on the christmas holiday.
Retail holiday and seasonal trends. Retail sales mom in the united states averaged 0 36 percent from 1992 until 2020 reaching an all time high of 18 30 percent in may of 2020 and a record low of 14 70 percent in april of 2020. Retail sales rose an astonishing 17 7 in may 2020. Our new forecast is that total retail sales in 2020 will fall overall by 4 6 compared to 2019 or a reduction of 17 281m.
Since the recession in 2008 christmas holiday retail sales in the united states have grown steadily. The christmas holiday is by far the biggest shopping holiday in the united states united kingdom and many other countries around the world. In 2018 christmas retail sales were forecast to grow to about 729 3 billion u s. The new 2020 retail forecast.
A white christmas is defined as having 1 inch or more of snow on the ground christmas morning. After christmas and new year s sales typically run from dec. It reflects the normal chance or probability of a white christmas based on data from the 1981 2010 three decade averages. We are in the world of unknowns.
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