Is the economic outlook for New Jersey as bad as we think?

What’s in store for the New Jersey economy for the rest of this year?

It turns out nobody is quite sure because right now there’s a hodgepodge of different economic signals.

Rutgers University economist James Hughes said as is often the case, “we have really conflicting indicators, where some are improving, some are still deteriorating.”

While prices for many products continue to push higher, retail sales actually rose 1% last month, which indicates consumers are still spending money.

NJ1015.com, July 21, 2022