Retail Traffic Jumps Ahead of Christmas, Despite Sluggish December -- Market Talk
Retail sales during the holiday season in the USA increased by nearly 4% year-on-year, accelerating growth, with promotions clearly stimulating Consumer spending.
This year's retail sales during the holiday season in the USA increased by 3.8% year-on-year, while the growth rate for 2023 was 3.1%. The last five days of this year's holiday season accounted for 10% of the overall holiday consumption. The holiday shopping season shows that American consumers are willing and able to spend, but the driving force is the pursuit of value, which can be seen in the concentrated CNI Online Consumption Index during major promotional events.
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