US Holiday Sales Growth Estimated At 3.1%: Mastercard

Be in the Know with the International Business Times Newsletter Signup

World U.S. Economy & Markets Companies Technology Digital Life Culture Sports Crypto Opinion — now is the time to be in the know with the International Business Times Newsletter!

US holiday sales grew 3.1 percent from last year’s – studying figures provided by Mastercard SpendingPulse, and indicating boosts in apparel and restaurants sales. Preliminary shopping data suggests consumers remain unaffected by inflation, the economy, or higher borrowing rates.

Economist Michelle Meyer commented, “The economic backdrop remains favorable with healthy job creation and easing inflation pressures, empowering consumers to seek the goods and experiences they value most.”.

Once adjusted for inflation, the holiday shopping performance in the US falls below 2024 and significantly lower than 2021 figures by the National Retail Federation, although it remains a solid display from consumers now with a strong jobs market promoting healthy and sensible spending.

Stay informed with up-to-date economic news with the International Business Times Newsletter – make sure you’re able to wrap up 2021 in the know!

Robert Wilson author
Articles: 12200