Shopping and consumer spending are the two biggest indicators of economic recovery so unless things quickly begin picking up many analysts will continue to feel less than positive about the current recovery of the economy. Fortunately it looks like good news is in store for everyone as American retailers are expected record turnouts for the upcoming Black Friday sales date.
Black Friday is traditionally the busiest shopping day of the year and as a result it has a major impact on many stores. Not surprisingly in wake of the weak economy many stores have been doing whatever they can in order to draw in more customers and it seems this year thins are working out great. Thousands of additional customers are expected at nearly all major retailers which should easily mean an increase in revenue and profits around the country.
This is, once again, great news in terms of economic recovery and stability. The fact that consumer spending is going to continue growing is a great sign according to analysts because it shows confidence and improvement which should in short order begin to create economic growth. This could mean that a strong, solid, Christmas shopping season is all the economy needs to finally get back into the swing of things. It is still too early to say for sure what type of recovery will come from this holiday shopping season but overall analysts and experts are incredibly happy to say that the start of the holiday season is definitely going to be a solid start.