The US economy continues to see tremendous growth.
Retailers see the strongest holiday sales in six years according to initial reports.
U.S. holiday retail sales rose 5.1% from a year earlier, according to Mastercard, the strongest increase in six years https://t.co/dZIHF8SniI
— The Wall Street Journal (@WSJ) December 25, 2018
Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years, according to early data.
Total U.S. retail sales, excluding automobiles, rose 5.1% between Nov. 1 and Dec. 24 from a year earlier, according to Mastercard SpendingPulse, which tracks both online and in-store spending with all forms of payment.
The figures suggest a stock-market swoon and partial government shutdown haven’t curbed consumer confidence and spending.
“Wall Street is running around like a chicken with its head cut off, while Mr. and Mrs. Main Street are happy with their jobs, enjoying their best wage increases in a decade,” said Craig Johnson, president of Customer Growth Partners, a retail research and consulting firm. A recent drop in gas prices has helped last-minute spending, he said.
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