US holiday retail sales come in above forecast, Mastercard says
ReutersDec 26, 2024 12:33 PM
Dec 26 (Reuters) - U.S. retail sales rose 3.8% between Nov. 1 and Dec. 24, as customers turned to last minute shopping due to intense holiday season promotions, a Mastercard report showed on Thursday.
The jump in sales was higher than a 3.2% rise forecast by Mastercard in September and well above a 3.1% increase from a year earlier, with the last five days of the season accounting for 10% of all holiday spending.
Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment. It excludes automotive sales.
(Reporting by Savyata Mishra in Bengaluru; Editing by Anil D'Silva)
((Savyata.Mishra@thomsonreuters.com;))
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Related Articles
5 Top Semiconductor Stocks to Watch in 2025
TradingKey - The semiconductor industry is the backbone of modern technology, driving innovations in artificial intelligence (AI), cloud computing, gaming, and more.TradingKey
Fri, Dec 27
Kraken Disagrees With SEC’s Claims of It Offering Securities
Kraken fired back at the US SEC to highlight that its approach to deeming digital assets as securities is flawed.Live Bitcoin News
Wed, Sep 18
Gold prices rise, keep record highs in sight amid bets on smaller rate cut
Investing.com-- Gold prices rose in Asian trade on Thursday and remained in sight of record highs as traders bet that the yellow metal will still benefit from a lower interest rate environment.Investing.com
Thu, Sep 12
