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Business & Economy

Study: Ohio retailers expected to see slight gains in holiday spending

Columbus' Easton Town Center is fully decorated for the holiday season.
Karen Kasler
Ohio Public Radio

Again this year, the 7,500-member Ohio Council of Retail Merchants hired the University of Cincinnati Economics Center for a forecast of holiday spending.

They expect Ohioans to spend more than $32 billion this year — an increase of less than 1%.

Brad Evans, the center's Director of Research, said consumer confidence remains below pre-pandemic levels.

"Pair that with high inflation, high interest rates... I think psychologically some consumers maybe are pulling back some of those purchases a little bit," he said.

Evans said Columbus fared better than most metros in the study, with retail growth expected to be more than 5% — second only to Youngstown.

For more of the report's findings, click here.

Matthew Rand is the Morning Edition host for 89.7 NPR News. Rand served as an interim producer during the pandemic for WOSU’s All Sides daily talk show.