American consumers appear undeterred by ongoing economic worries, turning to digital platforms for holiday purchases in strong numbers this season. Online spending surged as shoppers took advantage of promotional deals and early discounts, signaling resilient consumer demand even amid inflationary pressures and rising borrowing costs. Data indicates that e-commerce sales saw a notable uptick compared to the previous year, with many opting for convenience and home delivery. Retailers reported high traffic on major shopping weekends, reflecting confidence in discretionary spending. While broader economic indicators have hinted at a slowdown, household outlays on gifts and seasonal items remain robust, supporting near-term growth in the services sector.
— news from Reuters
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US holiday shoppers shake off economic blues for online spending spree Reuters
US holiday shoppers shake off economic blues for online spending spree Reuters