Retail Federation Forecasts Improved Revenues for Second Half of 2014

The largest association of retailers in the U.S. has mixed news on the economy, but overall the forecast is sunny.

The National Retail Federation recently lowered its retail sales forecast for 2014 because of slow growth recorded during the first half of the year, but said sales are expected to grow significantly faster over the next five months. NRF forecasted in January that retail sales would grow 4.1 percent in 2014 over 2013, but today’s revision lowers the forecast to 3.6 percent.