Learnings from the US holiday season
What: The monthly Visa report about US consumer spending.
Why it is important: In spite of the situation and end of local stimulus help, a record year.
Visa reports an increase of +8,5% on holiday spending (November and December, both offline and online) in the US, record growth in a decade. The strongest categories were sporting goods and book stores (+14,9%) and grocery and liquor stores (+9,6%). Overall, consumer spending slowed down as the Federal support started to exhaust in November (-1,3%) mostly affecting services spendings (-4,9%) while goods are still resisting for now (+6,9%).
Visa Monthly Consumer Monitor 2021
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