Retail Imports on the Rise, an Indication of Economic Resurgence

After years of enduring a struggling economy, retail sales are projected to increase anywhere from 3.7% and 4.2% according to the National Retail Federation (NRF). This is evidenced by the rise in retail imports and due to growth in the American job sector.

Unusual Numbers

The beginning of the year showed dismal import numbers that were most likely caused by the Chinese New Year. Consequently, production in Asia was slow. In the following months, imports shot up and the high volume is expected to continue. Global Port Tracker reports that June is predicted to reach 1.64 million TEU, a gain of over 4% from last June. August is set to reach record-breaking volume since 2000. Jonathan Gold, VP of…