CONSUMERS SPENT BIG THIS HOLIDAY SEASON: The stock market’s recent downturn and the partial government shutdown apparently didn’t faze consumers this holiday season: Holiday sales increased for U.S. retailers at the best pace in six years, according to early data.
Total U.S. retail sales, excluding automobiles, rose 5.1 percent between Nov. 1 and Dec. 24 from a year earlier, according to Mastercard SpendingPulse, which tracks both online and in-store spending with all forms of payment. - Reported by Ken Martin
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