Nevada retail group projects 5.2 percent growth
CARSON CITY, Nev. (AP) -- A trade organization is projecting retail sales in Nevada will increase 5.2 percent in 2013.
The projection released Tuesday by the Retail Association of Nevada is lower than the preliminary 7.3 percent growth in sales activity seen in 2012. But the 2013 projection is higher than the 3.4 percent national growth forecast by the National Retail Federation.
Nevada association President Mary Lau says economic indicators affecting retail sales have shown significant improvement in the last year. She says those trends are expected to continue.
Lau adds that consumers are gaining confidence in the economy, and that is translating into an increased willingness to spend money.