Slower growth forecast for Ohio holiday retail sales

FILE - In this Saturday, Jan. 21, 2012, file photo, Megan Johnson counts money from a sale at Chagrin Hardware in Chagrin Falls, Ohio. On Friday, Oct. 14, 2016, the Commerce Department releases U.S. retail sales data for September. (AP Photo/Amy Sancetta, File)

CINCINNATI (AP) — Researchers are expecting a 1.54 percent increase in Ohio holiday retail spending, with Black Friday and other seasonal sales coming up.

The annual forecast from the University of Cincinnati Economics Center indicates slower growth than in recent years when projections were 4 percent or more for the state. Study author Jennifer Shand of UC says consumer shifts such as to spending for entertainment and other experiences could be a factor.

Total retail spending growth of $500 million is expected.

Sales outlooks are stronger in Youngstown, Mansfield and Lima than statewide or in Ohio’s largest metro regions.

The forecast in conjunction with the Ohio Council of Retail Merchants uses sales data, employment and wage figures, consumer confidence and a variety of other economic indicators to project spending for the November-December period. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s