U.S. retail sales excluding automotive increased 7.6% year-over-year for the period from Nov. 1 though Dec. 24, 2022, according to preliminary Mastercard SpendingPulse data. The index, which was not adjusted for inflation, measured in-store and online retail sales across all forms of payment.
The payment company saw that online sales grew 10.6% compared to the same period in 2021. Ecommerce accounted for 21.6% of total retail sales, up from 20.9% in 2021 and 20.6% in 2020.
Additionally, Black Friday sales rose 12% year-over-year, helping the shopping holiday retain its title as the top spending day of the holiday season. The Saturdays of December were the other top spending days.
