Skip to playerSkip to main content
Veuer
  • 2 years ago
Americans spent more during the holiday season despite high inflation and interest rates.
Transcript
00:00 Americans spent more during the holiday season despite high inflation and interest rates,
00:07 with retail sales increasing by 3.1% compared to the previous year.
00:12 Chief economist Michelle Meyer highlighted a favorable economic backdrop with strong
00:18 job creation and easing inflation.
00:22 Breaking down the spending patterns from November 1 to December 24, in-store sales rose by 2.2%,
00:29 outpacing online growth, which increased by 6.3%.
00:35 According to MasterCard Spending Pulse data, apparel sales increased by 2.4%.
00:42 However, electronics and jewelry experience declines of 0.4% and 2% respectively.
00:49 Grocery sales were up by 2.1%, and restaurants saw a significant boost of 7.8% in holiday
00:57 sales.
00:58 [MUSIC PLAYING]
Be the first to comment
Add your comment

Recommended

0:41
Up next
U.S. Retailers Extend Black Friday Sales to Weeks as Consumers Grapple With High Prices
Benzinga
10 months ago
0:32
Walmart Raises Full-Year Forecast Amid Early Holiday Shopping Surge
Benzinga
11 months ago
0:43
How ‘slow shopping’ will affect holiday spending
SWNS
11 months ago
0:38
Retailers Brace For Uncertain Holiday Season As Weather, Election May Deter Consumers
Benzinga
1 year ago
2:50
Budgeting tips for the holiday season
The Street
10 months ago
0:29
Dollar Stores Expand Despite Sluggish Sales
Cheddar News
1 year ago
2:01
Tackling Inflation: Consumers Still Squeezed
23ABC News
2 years ago
0:39
Black Friday E-Commerce Booms With 8.5% YoY Sales Surge as Holiday Shoppers Spend $9.8B Online
Benzinga
2 years ago
0:43
U.S. Consumers Cut Back As Inflation, Tariffs, And Uncertainty Shift Spending
Benzinga
2 months ago
2:43
Consumers continue to spend despite economic worries: Here's why
The Street
6 months ago
0:51
Former Aide Claims She Was Asked to Make a ‘Hit List’ For Trump
Veuer
2 years ago
1:08
Musk’s X Is ‘the Platform With the Largest Ratio of Misinformation or Disinformation’ Amongst All Social Media Platforms
Veuer
2 years ago
4:50
59 companies that are changing the world: From Tesla to Chobani
Fortune
2 years ago
0:46
3 Things to Know About Coco Gauff's Parents
People
2 years ago
0:35
8 Things to Do in the Morning to Improve Productivity
Martha Stewart Living
2 years ago
2:11
Why You Should Remember Aretha Franklin
Goalcast
2 years ago
1:18
USC vs. Colorado: Can Caleb Williams Earn a New Heisman Moment?
SportsGrid
2 years ago
1:04
Vic Mensa Reveals Celebrity Crush, Biggest Dating Pet Peeve & More on Speed Dating | Billboard News
Billboard
2 years ago
1:09
Hollywood Writers Reach ‘Tentative Agreement’ With Studios After 146 Day Strike
Veuer
2 years ago
1:26
Love is Blind stars admit they're burnt out from social media
Fortune
2 years ago
2:01
NHA Customers in Limbo as Company Faces Potential Merger
SportsGrid
2 years ago
2:55
Vanilla Ice Explains How the 90’s Shaped America
FACTZ
2 years ago
1:26
Hot 100 Chart Reveal: Sept. 30, 2023 | Billboard News
Billboard
2 years ago
0:36
Amazon’ Prime Video Will Show Commercials Starting Next Year
Veuer
2 years ago
1:10
Angelica Ross Spills Details on Call with Emma Roberts About Transphobic Remarks
What's Trending
2 years ago