Mastercard SpendingPulse: U.S. retail sales grew 5.4%* year-over-year in September
October 06 2021 - 9:01AM
Business Wire
Total retail sales have been growing every month,
year-over-year, since September 2020 as consumer spending shows
positive signs of recovery heading into the highly anticipated
holiday season. According to Mastercard SpendingPulseTM,
U.S. retail sales excluding automotive and gasoline increased 5.4%
year-over-year in September and increased +11.5% compared to
September 2019. E-commerce sales continue to grow even as consumers
return to physical stores—+11.5% YOY/ +72.4% YO2Y—reflecting the
ongoing demand for the convenience of digital commerce. Mastercard
SpendingPulse measures in-store and online retail sales across all
forms of payment.
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(Graphic: Business Wire)
Specifically, discretionary spending is seeing strong growth.
Restaurants, Department Stores, Apparel, and Jewelry sectors are up
as consumers increasingly venture out to refresh their looks for
events, occasions and vacations.
*excluding auto and gas
About Mastercard SpendingPulse
Mastercard SpendingPulse™ reports on national retail sales
across all payment types in select markets around the world. The
findings are based on aggregate sales activity in the Mastercard
payments network, coupled with survey-based estimates for certain
other payment forms, such as cash and check. As such,
SpendingPulse™ insights do not in any way contain, reflect or
relate to actual Mastercard operational or financial performance,
or specific payment-card-issuer data. Mastercard SpendingPulse
defines “U.S. retail sales” as sales at retailers and food services
merchants of all sizes. Sales activity within the services sector
(for example, travel services such as airlines and lodging) are not
included.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. Our decency quotient, or DQ,
drives our culture and everything we do inside and outside of our
company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all.
www.mastercard.com
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Julia Monti Julia.monti@mastercard.com 914-249-6135
MasterCard (NYSE:MA)
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