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published in Blogs
Dec 27, 2021
U.S. retail sales surged the highest in nearly two decades during the holiday season

U.S. retail sales surged the highest in nearly two decades during the holiday season

U.S. retail sales increased the most in nearly two decades during the holiday season, according to a report from Mastercard. This indicates healthy consumer demand notwithstanding  historic inflation rates and Covid uncertainty.

Retail sales for the period between November 1 and December 24 climbed +8.5% year-over-year—as revealed by Mastercard’s annual SpendingPulse report. This increase is the highest in seventeen years. Digital shopping rose + 11%.

There was a 14.1% year-on-year surge in sales over the Thanksgiving holiday weekend, the report suggested.

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