Holiday Sales Weak But Not Terrible

December 26, 2007 at 11:57 am  ·  Category: Macro Economics, Market Commentary

According to Mastercard’s SpendingPulse, retail sales for the holiday season (the day after Thanksgiving through midnight Monday) were up 3.6% – 2.4% excluding gas which is much higher this year compared to last (subscription required).

That compares with 6.6% growth last year and 8.7% in 2005 (“Holiday Spending Is Weak, As Retailers Expected”, Wednesday December 26, 2007, The NY Times).

Posted by Greg Feirman  ·  Trackback URL  ·  Link