Mastercard SpendingPulseTM forecasts a big holiday shopping season

  • Payments
  • 13.11.2018 05:55 am

It’s shaping up to be one heck of a holiday shopping season. Mastercard SpendingPulse™, which provides insights into overall retail spending trends, is forecasting a banner year for online and in-store commerce across all payment types.

Total retail sales (excluding automotive) are expected to grow 5 percent and e-commerce at 20 percent over last year.

Between Nov. 1 and Dec. 24, you can expect overall U.S. retail sales (excluding automotive) to come in 50 percent higher than 10 years ago—and 19 percent higher than just five years ago.

Ecommerce sales this season should be especially strong, up 104 percent for the entire season compared to five years ago.

What can you expect as the holiday shopping season gets into full swing on Thanksgiving? Here’s a closer look at some of the forecast insights from Mastercard SpendingPulse.

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