SpendingPulse: Growth Continues, But CE Lags
Mastercard Advisors' SpendingPulse report for February saw "continuing growth across most categories," although electronics and appliances was one of the few categories that did not perform well.
“February held onto the momentum from the last few months," Michael McNamara, Vice President, Research and Analysis for MasterCard Advisors SpendingPulse, said as part of the announcement.
"Ongoing strong performance by the financial markets and growing consumer confidence may have contributed to ongoing retail growth, especially in the upper tier of the different categories. This is even in the face of the disruptive weather that put a damper on spending in several sectors.”