US Consumers Show Resilience as Black Friday Sales Surge
Recent data reveals that US consumers are demonstrating remarkable resilience, particularly evident during Black Friday sales. According to Mastercard SpendingPulse, retail sales saw a significant increase compared to the previous year.
Black Friday Sales Surge in 2023
On the day following Thanksgiving, retail sales, excluding automobiles, grew by 4.1%. This is an improvement over the 3.4% growth observed last year.
Key Facts from the Sales Report
- Sales Growth: 4.1% increase from the previous year
- Previous Year Growth: 3.4% in 2022
- Exclusions: The figures exclude automotive sales.
- Data Source: Mastercard SpendingPulse provided the statistics.
This data reflects both online and in-store transactions, offering a comprehensive overview of current economic activity in the retail sector. Despite ongoing economic uncertainties, consumer spending during this holiday season remains strong, indicating a positive trend for the retail market.
