U.S. Outlook: A festive holiday forecast this year

Posted By Scott Anderson In Economic Outlook | No Comments

As we all digest plenty of new economic data over the next two weeks, I believe we’ll see much to suggest consumers will spend more this holiday season.

Bar chart showing annual holiday sales growth for the past six years. [1]In addition, I will take Black Friday off next week to do my part to support the U.S. economy.

For my complete holiday economic forecast, see my full report [2]. Highlights are outlined below, followed by a link to the full U.S. Outlook report, delivered on Nov. 20.

Key observations:
  • E-commerce sales have been growing at a 15% annualized growth rate or better of the past six years.
  • Our forecast for holiday sales growth this year is 4.0%, which would make it the best year since 2012.
  • I see nothing on the near-term economic horizon to keep the Fed on hold past December for an initial rate hike.

NOTE: There will be no U.S. Outlook report next Friday, Nov. 27.


Click here to read my full report. [2]

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URL to article: https://changematters.bankofthewest.com/2015/11/20/u-s-outlook-a-festive-holiday-forecast-this-year/

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[1] Image: http://blog.bankofthewest.com/wp-content/uploads/2015/11/graph_holidaysales_112015.jpg

[2] see my full report: http://blog.bankofthewest.com/wp-content/uploads/2015/11/BankoftheWest_USOutlook_11_20_15.pdf

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