Does the Rosy Retail Sales Report Mean the Economy is Back on Track?

But while some economists are pointing to this bullish news as the latest sign of an ecommonic recovery across the board, NRF President and CEO Matthew Shay says no so fast. “Retail continues to show its importance to the economy,” he said in an NRF press release. “That said, our consumer research consistently shows a cautious shopper that is making tough spending decisions based upon economic uncertainties, lower paychecks and higher prices for things such as gas. This is particularly true among those making $50,000 or less a year."