A surge in online purchases boosted US retail sales over the festive season, underlining the strength of American consumer spending even as slower bricks and mortar growth points to the challenges facing physical stores and shopping malls in the new year.
Figures from payments company Mastercard released on Thursday showed total US retail sales during the crucial period between November 1 and Christmas Eve rose 3.4 per cent from the same period a year ago to almost $880bn.
President Donald Trump tweeted about the figures, which came at the end of a year in which the US consumer has supported global economic growth. “quot;Congratulations America,”quot; he said, hailing them as the biggest in US history.
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