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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.
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