3 of 7
BACKNEXT
Retail sales
Retail sales have been showing signs of life in recent months. The government's seasonally adjusted retail sales reading, excluding autos, has risen in five of the last six months. Still, the National Retail Federation is forecasting that sales during the all important holiday shopping season will be down 1% from a year ago.

A better than expected Christmas season would do a lot to lift worries hanging over the economy. But with credit tight, unemployment high and consumers who have jobs saving more, some worry retail sales will disappoint. That could cause additional problems for retailers and companies that make the products they sell.

Since consumer spending accounts for about 70% of the nation's economic activity, healthy retail sales are the key to a strong rebound. "If consumers get unexpectedly scared of buying at Christmas, we could go back into recession," said David Wyss, chief economist at Standard & Poor's.

NEXT: Oil

Last updated November 16 2009: 12:08 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
Robot co-workers? 7 cool technologies changing the way we work Experts believe humans and machines will work much more closely together. More
17 cool gadgets that tease the future Smart telescopes, surveillance for dogs, an electric roadster and more from CES 2018. More
These 12 airplane beds let you really sleep on a flight For the price of a premium class ticket, you may just get a space that's comfortable, private, and quiet enough to ensure a good rest. More

Special Offer