Description: The latest update to the Cowan LRA Model's 2013 and 2014 sales and sales growth forecast numbers reveals lower sales growth expectations for both years. Sales growth (yr-o-yr) for 2013 came in at 3.1 percent which is 0.9 percentage points lower than last month's forecast estimate of 4 percent. However, 2014's sales growth forecast came in at 5.7 percent which is only 0.1 percentage point lower compared to last month's prognostication of 5.8 percent.
The latest forecast sales numbers for 2013 and 2014 are $300.7 billion and $317.4 billion, respectively, compared to last month's 2013 and 2014 forecasts of $303.2 billion and $320.6 billion, respectively. These latest updated forecast sales and sales growth numbers reflect June sales results as abstracted from the WSTS's June 2013 HBR which was posted on their website today, 8-08-13.