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CFA Executive Director Stephen Brobeck addresses the press conference at the National Press Club. CUNA Economist Bill Hampel is in the background.

CUNA and the Consumer Federation of America delivered good news to the nation’s retailers Wednesday: according to the groups’ annual survey, consumers plan to spend more on holiday gift giving this year.

Based on survey results collected from 1,012 respondents, CUNA Chief Economist Bill Hampel forecasted a 3.5% to 4% increase in spending over last year, representing the fourth year in a row spending has increased since declining sharply in 2008.

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