SpendingPulse: Retail Sales Rise in CE and Overall
Overall retail sales continued to rise in March, with consumer electronics among the leaders with a 14 percent year-over-year gain. That's according to numbers released Wednesday by Mastercard Advisors' SpendingPulse.
The ecommerce sector, meanwhile, grew by 16.1 percent.
“Most retail sectors continued to record solid growth year-over-year, similar to February, although we’re not seeing an acceleration of momentum from February to March," Michael McNamara, Vice President, Research and Analysis for the division, said as part of the announcement. "The lack of increased momentum in some sectors could be due to calendar shifts, given that Easter falls very late this year.”