Consumer spending on experiences rose by double digits in February. Compared to the same month last year, consumers spent 42.7% more on lodging, 15.6% more on airlines and 14.2% more on restaurants, according to the latest edition of Mastercard SpendingPulse. “This reflects suppressed growth in...
They say numbers don’t lie, but they can mislead. Try nailing down a solid forecast for the economic outlook for the fourth quarter about to begin, and things becomes clearly foggy. Former Saks Fifth Avenue CEO and Mastercard senior advisor Steve Sadove told PYMNTS’ Karen...
Consumers are expected to spend 7.1% more on retail goods during this year’s holiday season than they did last year, according to the Mastercard SpendingPulse annual holiday forecast. According to a Monday (Sept. 12) press release, the Mastercard Economics Institute said the growth in retail...
Retail in-store and online consumer spending excluding automotive increased 11.2% year-over-year (YOY) in July across all payment types, with demand and higher prices both contributing factors, according to new Mastercard data. The July Mastercard SpendingPulse report showed that retail sales excluding automotive and gas were...
December 26, 2023
American consumers upped their holiday spending this year, doing a lot of that spending online. That’s according to preliminary results from Mastercard’s SpendingPulse released Tuesday (Dec. 26), showing retail sales increasing 3.1% — not adjusted for inflation — year over year from Nov. 1 to Dec. 24. That’s compared to the 7.4% growth in retail sales Mastercard […]
March 09, 2023
Consumer spending on experiences rose by double digits in February. Compared to the same month last year, consumers spent 42.7% more on lodging, 15.6% more on airlines and 14.2% more...
September 12, 2022
Consumers are expected to spend 7.1% more on retail goods during this year’s holiday season than they did last year, according to the Mastercard SpendingPulse annual holiday forecast. According to...
August 04, 2022
Retail in-store and online consumer spending excluding automotive increased 11.2% year-over-year (YOY) in July across all payment types, with demand and higher prices both contributing factors, according to new Mastercard...
