Insight ReportJanuary 2023 Leading Indicators of US Retail Sales: Retail Set for Stable Growth as Consumer Sentiment Improves Shivani Mehrotra, Analyst Sector Lead: John Harmon, CFA, Associate Director of Technology Research January 27, 2023 Reasons to ReadThe monthly Coresight Research Leading Indicators of US Retail Sales series tracks several major macroeconomic indicators and their likely effect on US retail sales. We analyze the latest available data as of January 20, 2023. Data in this report include: US actual retail sales versus model predicted sales Proprietary Coresight Research projections for retail sales growth in November and December 2022 US unemployment rate and labor force participation rate US average hourly wages for all private-sector employees US annualized real disposable income per capita Other relevant research: December 2022 Leading Indicators of US Retail Sales: Mid-Single-Digit Sales Growth Expected Despite Economic Uncertainty The Coresight Research US Retail SalesDatabank Click here to view our full collection of monthly reports Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: High-Income Consumers Turn Optimistic About Economy: Weekly US Consumer Sentiment, Week 18, 2025—InfographicSentiment, Tariffs and Inflation—How Is the US Shopper Reacting? US Consumer Survey InsightsWeekly UK Store Openings and Closures Tracker 2025, Week 40: Claire’s UK Bought Out of BankruptcyStore Tracker Extra: US Store Openings and Closures 2024 Review and 2025 Outlook