Focus on Ohio’s Future, a non-profit entity powered by OCRM, again partnered with the University of Cincinnati Economics Center to conduct the 6th annual Ohio Retail Sales Holiday Forecast.
The study reveals that cumulative retail sales from January to July in Ohio were up by 3%. However, in the most recent month, the year over year sales increase was 4.2%. Under the Economics Center’s forecasting model, the total holiday retail spending is expected to increase by 4.2%. This estimate takes into account not only recent sales data, but it also includes measures of employment, wages, consumer confidence, consumer debt, gas prices, and US retail sales.