Thursday, December 27, 2018

Christmas Sales Were Very Strong

It was a merry Christmas: Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years, according to the data now starting to come in. Overall, U.S. consumers spent over $850 billion this holiday season.

Total U.S. retail sales, excluding automobiles, rose 5.1 percent between November 1 and December 24 from a year earlier, according to Mastercard SpendingPulse. Unlike a lot of these measures, MasterCard tracks both online and in-store spending with all forms of payment.

Sales have been generally strong throughout the holiday season, led by increases in online shopping. Retailers entered the holidays with momentum as online sales jumped 26.4 percent from a year earlier between the Wednesday before Thanksgiving through Black Friday.

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