Mastercard SpendingPulse: U.S. retail sales grew 7.4%* year-over-year in DecemberJanuary 16, 2023
According to Mastercard SpendingPulse™, which measures in-store and online retail sales across all forms of payment, U.S. retail sales excluding automotive were up +7.4% year-over-year in December. E-commerce sales were up +9.7% YOY while in-store sales were up +6.7% YOY. Mastercard SpendingPulse reflects nominal spending and is not adjusted for inflation.
Restaurants (+14.5%), Fuel & Convenience (+11.9%) and Apparel (+5.4%) were key drivers for the month’s year-over-year growth as consumers shopped for gifts and traveled for holiday gatherings.
About Mastercard SpendingPulse
Mastercard SpendingPulse™ reports on national retail sales across all payment types in select markets around the world. The findings are based on aggregate sales activity in the Mastercard payments network, coupled with survey-based estimates for certain other payment forms, such as cash and check. As such, SpendingPulse™ insights do not in any way contain, reflect or relate to actual Mastercard operational or financial performance, or specific payment-card-issuer data.
Mastercard SpendingPulse defines “U.S. retail sales” as sales at retailers and food services merchants of all sizes. Sales activity within the services sector (for example, travel services such as airlines and lodging) are not included.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.