It looks like holiday spending might not be as robust this year compared to last, after all, according to Mastercard SpendingPulse.
Mastercard SpendingPulse expects U.S. retail sales, excluding automobiles to grow 3.1% from Nov. 1 to Dec. 24.Mastercard expects the top 10 busiest days for holiday spending will be Black Friday, followed by Dec. 21, Dec. 14, Dec. 20, Dec. 7 and Dec. 13.Kamil Krzaczynski | Reuters
It looks like holiday spending might not be as robust this year compared to last, and so one snowy December weekend could make matters much worse for retailers. Mastercard SpendingPulse, which measures consumer spending across all payment types including cash and check, is calling for U.S. retail sales excluding automobiles to grow 3.1% from Nov. 1 to Dec. 24. That's compared toGrowth of 3.1% — or a 3.8% increase excluding gasoline in addition to automotive sales — is "in line with the solid performance" thus far in 2019, Mastercard said.
But to top that off, there's a shift in the calendar year putting six fewer days in between Thanksgiving and Christmas compared to a year ago. That's actually the shortest holiday calendar possible.
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