Mastercard SpendingPulse: U.S. retail sales grew 8.1%* year-over-year in November
December 9, 2022According to Mastercard SpendingPulse™, which measures in-store and online retail sales across all forms of payment, U.S. retail sales excluding automotive were up +8.1% year-over-year in November. E-commerce sales were up +5.9% YOY while in-store sales were up +8.6% YOY. Mastercard SpendingPulse reflects nominal spending and is not adjusted for inflation.
“The consumer is navigating a number of issues today, impacting how they spend across both essential and discretionary purchases,” said Steve Sadove, senior advisor for Mastercard and former CEO and Chairman of Saks Incorporated. “That’s also seen in how they’re approaching the holiday season this year. Even in an uneven time, we saw increased spending in certain sectors, like restaurant and apparel.”
*excluding automotive
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. 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. For more information about Mastercard SpendingPulse or to subscribe, visit product page or the AWS Data Exchange.
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.
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