June Electronics Spending Jumped 16.1% From June 2019: Mastercard
U.S. consumer retail spending on electronics and appliances increased 4.6% year over year in June and was up 16.1% from June 2019, reported Mastercard Thursday. Its SpendingPulse survey measures in-store and online retail sales via all forms of payment, it…
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said. June e-commerce spending in a dozen sectors increased 1.1% year over year and was up 97.6% from June 2019, it said. June in-store spending jumped 11.7% from June 2021 and was up 10.7% from June 2019, it said. “Sector by sector, we’re seeing a varied picture of how inflation is impacting essential vs. discretionary consumer spending,” said Mastercard Senior Adviser Steve Sadove.