Global markets have gyrated this week as the virus has spread to additional countries and raised concerns about the economic hit from the sorts of lockdown measures that have limited travel and industrial production in China.
"The nation's record-long economic expansion is continuing, and consumers remain the drivers of that expansion," said NRF President Matthew Shay in a press release. At a large toy trade show earlier this week, some companies said their plants in China were still closed or operating at only 20 or 25 percent, constrained by a lack of workers and raw materials.
Shay pointed to "positive signs from China" in recent days that have raised hopes that supply chain effects will not be prolonged, adding that "the disruption to be less severe than originally expected."
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