US retail sales rise 7.6 percent during holidays ...Middle East

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U.S. retail sales rose 7.6 percent during the holidays this year, despite inflation pressures and recession fears. The year-over-year bump recorded by Mastercard’s SpendingPulse tracker during the holiday period of Nov. 1 through Dec. 24 was lower than the 8.8 percent increase from 2020 to 2021, but exceeded the 7.1 percent forecasted this year. Black Friday sales were up 12 percent from last year, and online sales were up 10.6 percent. E-commerce made up slightly more of the total retail sales this year, 21.6 percent, than in the previous two years. Restaurant dining was also up 15.1 percent year-over-year as the U.S. eases away from pandemic restrictions and consumers seek

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Last updated : 27 Dec 2022 clock 02:40 AM

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US retail sales rise 7.6 percent during holidays ...Middle East

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