More money was spent this year over last year during the holiday shopping season. This was reported today by CNN.
The report from MasterCard Advisors’ SpendingPulse data service showed a 3.6% increase in retail sales in the period from Nov. 1 to Dec. 24. That compared with a 2.3% drop in last year’s report, which was based on charges rung up on MasterCard credit cards as well as a survey of sales made by cash or check.
This is a good sign for the economy.
